Campo Bello Community Development District

March 27, 2020

Campo Bello
Community Development District

5385 N. Nob Hill Road, Sunrise, Florida 33351 Phone: 954-721-8681 - Fax: 954-721-9202

March 19, 2020

Board of Supervisors Campo Bello
Community Development District

Dear Board Members:
A special meeting of the Board of Supervisors of Campo Bello Community Development District will be held on March 27, 2020 at 11:00 a.m. at Lennar Homes, 730 NW 107th Avenue Suite 300, Miami, Florida. Following is the advance agenda for this meeting:
Roll Call

Approval of Minutes of the February 21, 2020 Meeting

Public Hearing to Consider the Imposition of Special Assessments
Motion to Open the Public Hearing

Supplemental Engineers Report

Supplemental Assessment Methodology for Series 2019 Bonds

Public Comment and Testimony

Approving the Project and Declaring that Special Assessments will pay for the Project

Equalization of Assessments

Adoption of Resolution #2020-05

Motion to Close the Public Hearing

Consideration of Intergovernmental Cooperation Agreement between Miami-Dade County Property Appraiser, Miami-0.ade County Tax Collector, and Campo Bello COD

Staff Reports
Attorney

Engineer

Manager

Financial Reports
Approval of Funding Request #8

Balance Sheet

Supervisors Requests and Audience Comments

Adjournment
Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.campobellocdd.com

MINUTES OF THE MEETING CAMPO BELLO
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Campo Bello Community Development District was held on Friday, February 21, 2020 at 10:00 a.m. at Lennar Homes, 730 NW 107th Avenue, Suite 300, Miami, Florida.

Present and constituting a quorum were:

Teresa Baluja Vanessa Perez Carmen Orozco

Also present were:

Michael Pawelczyk Luis Hernandez Patryk Tokarski

Vice Chairman Assistant Secretary Assistant Secretary

District Counsel District Manager
Governmental Management Services

FIRST ORDER OF BUSINESS	Roll Call
Mr. Hernandez called the meeting to order and called roll.

SECOND  ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation letter from Ms. Alexi Haas
Mr. Hernandez: The first item we have is organizational matters, and the acceptance of the resignation letter from Ms. Alexi Haas. The first action from the Board would be to accept that resignation.

On MOTION by Ms. Saluja seconded by Ms. Perez with all in favor, accepting the resignation letter from Ms. Alexi Haas was approved.

February 21, 2020	Campo Bello CDD

Consideration of Appointment of Supervisor to Unexpired Term of Office -
Seat #5 (11/2021)
Mr. Hernandez: With that being said, the Board has a vacant seat which is seat #5, does the Board have anyone they would like to appoint to that seat?
Ms. Saluja: I would like to appoint Raisa Krause.
Mr. Hernandez: Ok, so I have a motion to appoint Raisa  Krause,  do  I  have anyone seconding that motion?

On MOTION by Ms. Baluja seconded by Ms. Perez with all in favor, appointing Raisa Krause to fill the unexpired term of office, seat #5 expiring November, 2021 was approved.

Oath of Office for Newly Appointed Supervisor
Mr. Hernandez: So, Raisa you are already familiar with the oath of office and I am just passing to you a copy of the oath. I just want to indicate for the record that since you are serving on other COD Boards, I will be skipping over some of the normal steps that I normally undertake when a new Supervisor is being appointed. It does not deny or diminish the fact that if You have any questions please feel free to stop me and ask. So, as far as the oath goes, I just need you to state your name for the record after I say the word "I", and at the end I need you to indicate for the record that you agree with the statement that I have read, so "I".
Ms. Krause: "Raisa Krause."
Mr. Hernandez: A resident of the State of Florida and citizen of the United States of America, being a Supervisor of the Campo Bello Community Development District and recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly, and impartially discharge the duties devolving upon me in the office of Supervisor of the Campo Bello Community Development District, Miami­ Dade County, Florida.
Ms. Krause: "I do."
Mr. Hernandez: Thank you very much. If you would just please sign the document, I would greatly appreciate it.

February 21, 2020	Campo Bello CDD

Mr. Pawelczyk:	And just so you know, you need to fill out the Form 1, so you might as well fill it out for all your Districts now and it will be done.
Ms. Krause: Ok.
Mr. Pawelczyk: So, you can just go ahead and fill it out for all the Districts you sit on and then you're fine.
Ms. Krause: Ok.
Mr. Hernandez: So, you will be the first one from Lennar getting that part taken care of for this year.
Mr. Pawelczyk: Well, anybody can do it now, you can do it any time you want. Mr. Hernandez: We will be passing it on to them in April.
Mr. Pawelczyk:	Ok.
Mr. Hernandez:	Thank you very much Raisa. With that being said, let's move
on.

Election of Officers
Mr. Hernandez: So, the next action from the Board now that the oath has been administered would be to elect the officers. Alexi Haas was acting as an assistant secretary and the Board can either re-elect and rearrange the slate of officers the way you want it, or you could maintain the same slate of officers which prior to the election was Carolina Herrera was the chairman, Teri Baluja, vice chairman, and the remainder of the Supervisors as assistant secretaries. Patti Powers from my office as the treasurer, Luis Hernandez as the secretary and Rich Hans as an assistant secretary, so it's really up to the Board what you would like to do or not.
Ms. Baluja: I say we can just replace Raisa in Alexi's spot.
Mr. Hernandez: Perfect. So, with that being said, a motion to elect the slate of officers as it has been discussed would be in order. I have a motion on the table being made by Teri Baluja, is there a second to that motion?

February 21, 2020	Campo Bello CDD

On MOTION by Ms. Saluja seconded by Ms. Perez with all in  favor, Election of Officers, electing to keep the existing slate of officers and also adding Raisa Krause  as an assistant  secretary as stated on the record by Luis Hernandez was approved.

THIRD ORDER OF BUSINESS	Approval	of	Minutes	of	the
August       16,       2019     and
September 16, 2019 Meetings
Mr. Hernandez: With that being said, the next item you have is the minutes, under item No. 3 which is presenting to you the August 16, 2019 meeting and September 16, 2019 meeting. This would be the time to make any corrections, additions or deletions. If there are none, a motion to approve would be in order.

On MOTION by Ms. Saluja seconded by Ms. Perez with all in favor, the Minutes of the August 16, 2019 and September 16, 2019 Meetings were approved.

FOURTH ORDER OF BUSINESS	Acknowledgement	of
Grant of Easement
Mr. Hernandez: Moving on, section No. 4 presents an acknowledgement of the grant of easement. At this point what the Board needs to do is make a motion recognizing the fact that the easement has been presented and copies of that will be included as part of the District's records.
Mr. Pawelczyk: This is just the drainage easement for phase 1 from CalAtlantic to the District.

On MOTION by Ms. Saluja seconded by Ms. Perez with all in favor, accepting the Acknowledgement of Grant of Easement was approved.

Mr. Pawelczyk: Just while we're in this area, we also recently finalized the CalAtlantic drainage easement for phase 2, so that was just finalized in recent weeks, it was recorded, so the phase 2 easement has also been completed, and Luis will

February 21, 2020	Campo Bello CDD

probably put that on a future agenda and just include it as part of the record, it's not been recorded.
Mr. Hernandez: Yes, it's in the process and recognizing the fact that it's taken place is appropriate to indicate that on the public record.
Ms. Saluja: Ok.
Mr. Hernandez: Thank you for that Mike. Mr. Pawelczyk: Sure.

FIFTH ORDER OF BUSINESS	Financing Matters
Consideration of Supplemental Engineers Report
Mr. Hernandez: Moving on, the next item that we have is the financial matters, and just to bring everybody up to speed, what is taking place is that the District had a parcel that was going to be annexed, and as of this time the process of the annexation has been completed. Now, because of that, what the District is required to do is take all the necessary steps so that debt could be assigned to those particular parcels. With those indications the first item you have under financing matters is consideration of the supplement engineers report. It's dated as of September 16, 2019 and this report has already been accepted by the Board. The part that contains the report is what would be the cost for anything that is related to the annexation, so that report that the Board accepted indicates that the cost of the public improvements for the annexation is
$359,163. As part of the financial matters for the already annexed parcel, it is necessary to have a motion from the Board accepting the supplemental engineers report as I have just described in the engineer's report dated September 16, 2019.

On MOTION by Ms. Saluja seconded by Ms. Perez with all in favor, accepting the Supplemental Engineers Report dated September 16, 2019 was approved.

Consideration of Supplemental Assessment Methodology
Mr. Hernandez: Similar to that, the District has also already contemplated the methodology report and a supplemental assessment methodology. That included the annexed parcel which was already done and presented on September 16, 2019 and as you see in the tables, table 1 shows that a total of 17 units were presented to be part of

February 21, 2020	Campo Bello COD

the annexed parcel, as of yet that continues to be valid information, therefore, there are no further changes required. The importance of this report is that it indicates what would be the amount of debt that is going to be allocated. We have already seen the cost of the estimated construction costs of the annexed parcel which was $359,000 roughly, and bond sizing the District needs to issue to cover that cost is roughly
$370,000. With that being said, unless anyone has any questions, a motion to approve the supplemental assessment methodology report as presented and described would be in order.

On MOTION by Ms. Baluja seconded by Ms. Perez with all in favor, accepting the Supplemental Assessment Methodology Report dated September 16, 2019 was approved.

Consideration of Resolution #2020-01 Declaring Special Assessments
Mr. Hernandez: Based on all those items that have been presented, the next step and consideration for the Board would be resolution #2020-01 declaring special assessments. In other words, taking the amount that has been presented and described with the engineer's report and the methodology report and indicates the intent of the District to finance that public improvement. It will be authorizing the District to prepare and do all the necessary steps so that the financing of this project will be undertaken.

On MOTION by Ms. Baluja seconded by Ms. Perez with all in favor, Resolution #2020-01 declaring Special Assessments was approved.

Consideration of Resolution #2020-02 Calling for Public Hearing to Impose Special Assessments
Mr. Hernandez: The next item you have, and the last one under this public hearing portion would be resolution #2020-02 calling for a public hearing to impose special assessments. What the Statute requires to do is to have at least 30 days. There needs to be not only an advertisement, but a letter that needs to be sent to the owner of the land within this annexed parcel and because of that, the trick that we have is that the next regular meeting that we already have pre-scheduled with Lennar will not be within those

February 21, 2020	Campo Bello CDD

30 days. Part of the problem is that the meetings  that  we have will be on March  20th,  which will be short, and what I'm suggesting for the Board to do is to do it the week  after  that on the 27th. It's part of the intent to be able to finalize these  financial  matters  so that the existing funds could be released for construction  that  is  required.  With that  being  said, my suggestion to resolution #2020-02 is to .have this meeting on the 27th, the only request that I have to the Board is to make it around 11:00 a.m. so that I will be  able  to make it. I have a 9:00 a.m. meeting on that day so I will not be able to be here at 10:00

a.m. as we have done with our regular meetings, and you're not going to be here? Ms. Saluja: I won't be available.
Ms. Perez: I won't be here either.
Mr. Hernandez: The week of the 30th? Ms. Saluja: Yes.
Mr. Hernandez: But the 30th will work for you? Ms. Saluja: Yes.
Ms. Perez: Oh, March 27th, I'm sorry, I will be here. Mr. Hernandez: Right, I just need 3 of you.
Ms. Perez: I'm available. Ms. Krause: I am also.
Ms. Orozco: I can make it.
Mr. Hernandez:	Alright, so I just need the 3 of you and we make arrangements for any signatures.
Ms. Saluja: Perfect.
Mr. Hernandez: Or Carolina, what is required. Ms. Saluja: Ok.
Mr. Hernandez: So, once again my suggestion would be to do it on March 27th, and the time will be 11:00 a.m., the location is going to be at Lennar Homes, which the address is 730 NW 107th Avenue, Suite 300, Miami, Florida. With that being said, a motion to approve resolution #2020-02 would be in order.

February 21, 2020	Campo Bello CDD

On MOTION by Ms. Baluja seconded by Ms. Perez with all in favor, Resolution #2020-02 calling for a Public Hearing to Impose Special Assessments on March 27, 2020 at 11:00 a.m. at 730 NW 107th Avenue, Suite 300, Miami, Florida was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution
#2020-04 Approving the Proposed Fiscal Year 2021 Budget and Setting the Public Hearing
Mr. Hernandez: Moving on, we have consideration of resolution #2020-04 approving the proposed fiscal year 2021 budget and before we go to the resolution itself, I would appreciate it if you would just move to the proposed budget. What you're going to see and recognize is the fact that as of this time, District staff believes that there is no need for any increase in the District's assessments. It will be the exact same assessments that were being levied last year, which is a net assessment per unit of
$270. At the same time, I just want the Board to be aware of the fact that it matches and correlates with the restrictive covenants with Miami-Dade County. So, with those indications the good part to present is that no increases will be made in the presented proposed budget. Unless anyone has any questions in regard to the budget, we can move back to the resolution #2020-04, and as you probably remember the resolution is going to read when we are going to have the final hearing to adopt the budget. By Statute we need to give ourselves at least 60 days from today, so the earliest we will be able to do it would be in April, but it's really when it would be convenient for the Board to have it, so I will listen to whatever suggestions you may have. My request and recommendation would be to do it in May because the one that we have in April is the 17th, which will not be 60 days. So, after May or anytime the Board wants will actually work for us.
Ms. Saluja: Ok, so do you want to do the May meeting?
Mr. Hernandez: I think that, the part that I like with May is that it's before vacation time and summertime, so I'd rather go ahead and get this done as soon as we can.

February 21, 2020	Campo Bello CDD

Ms. Baluja: Ok.
Mr. Hernandez: So, if the Board is in acceptance, the resolution is going to read that the public hearing to adopt the budget will be held on May 15, 2020 at the same time as the regular meeting which is 10:00 a.m., and at the same location as the regular meeting that is at Lennar Homes, 730 NW 107th Avenue, Miami, Florida. With that being said, if the Board is in acceptance, I would be asking for a motion to accept resolution #2020-04 as I have just indicated.

On MOTION by Ms. Saluja seconded by Ms. Perez with all in favor, Resolution #2020-04 approving the proposed Fiscal Year 2021 Budget and setting the Public Hearing on May 15, 2020 at 10:00 a.m. at 730 NW 107th Avenue, Miami, Florida was approved.

SEVENTH  ORDER OF BUSINESS	Staff Reports
Mr. Hernandez: Moving on, we have staff reports, Mr. Pawelczyk?

Attorney
Mr. Pawelczyk: Nothing further.

Engineer
Mr. Hernandez: There is nothing to be presented from Mr. Alvarez.

Manager
Mr. Hernandez: As for the manager, I have nothing else to present, and as I indicated the need for the next meeting would be March 27th and it will be a quick meeting, it's just to finalize and fulfill all the required steps as per the Statutes.

EIGHTH  ORDER OF BUSINESS	Financial Reports
Approval of Funding Request #5, #6 & #7
Balance Sheet
Mr. Hernandez: Item No. 8 would be the financial reports which you will find in your agenda in section 8. Tab A contains the funding request #5, #6 and #7. With that being said, unless anyone has any questions, a motion to approve the funding requests would be in order.

February 21, 2020	Campo Bello COD

On MOTION by Ms. Baluja seconded by Ms. Perez with all in favor, accepting funding requests #5, #6 & #7 were approved.

Mr. Hernandez: Then the balance sheet you find in section 8B. Unless anyone has any questions in regard to the balance sheet, a motion to accept the balance sheet would be in order.

On MOTION by Ms. Baluja seconded by Ms. Perez with all in favor, accepting the Balance Sheet was approved.

NINTH ORDER OF BUSINESS	Supervisors Requests and
Audience Comments
Mr. Hernandez: Are there any Supervisors requests? Hearing none, I just want to indicate for the record, once again, that we have no audience today.

TENTH  ORDER OF BUSINESS	Adjournment
Mr. Hernandez:	Unless anyone has any other District business to discuss, a motion to adjourn would be in order.

n MOTION by Ms. Baluja seconded by Ms. Krause with all
·n favor, the Meetin	was ad·ourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

,------

Supplemental Engineer's Report for Campo Bello Community Development District

Prepared For:

Board of Supervisors
Campo Bello Community Development District Miami-Dade County, Florida

. : I '
September 16, 2019

Prepared by:

Ford Engineers, Inc.
1950 NW 94th Avenue, 2nd Floor Doral, Florida 33172

 	

TABLE OF CONTENTS

OVERVIEW

ESTIMATED COSTS OF ANNEX BENEFITS

Ill.	CONCLUSION

EXHIBITS:

Exhibit "A" -Annexation Parcels
Exhibit "B" - Expanded District Boundary

,--

/. OVERVIEW

This Supplemental Engineer's Report (the "Report") was prepared by Ford Engineers, Inc., as authorized by the Campo Bello Community Development District (the "District" or the "COD''). This Report supplements the District Engineering Report issued April 12th, 2019 (the "Original Report"). This Report includes the estimated value of improvements to benefit additional residential units located on nine parcels of land (the "Annex") that will be incorporated into the District. These parcels are located within the current District boundaries and will be integrated into the overall system of improvements of the District, see Exhibit A.

Currently the District is planned for 440 duplex units and 30 single family units within approximately 43.2 acres. The District boundaries will be expanded to include 16 duplex units and 1 single family unit within approximately 1.44 acres of land. Once the District boundaries are expanded, the total Development will consist of 456 duplex units and 31 single family units, see Exhibit B.

The master Public Infrastructure Improvements to be financed by the District as noted in the Original Report remain unchanged, except to the extent modified by this Report.

EST/MATED COST OF BENEFITS
The estimated total cost of improvements to benefit the Campo Bello Community Development District Annex is $359,163. A summary breakdown of those costs by Development category is as follows:

Roadway Construction / Earthwork	$142,449.15	
Stormwater Management	$81,184.04	
Water Distribution	$57,177.87	
Sewage Collection System	$ 78,351.91	
TOTAL	$ 359.162.98	
*Infrastructure costs include 10% permitting and 10% contingency

Ill. CONCLUSION

The costs of the proposed improvements will be allocated to residential units within the Annex in the form of special assessments in accordance with the approved assessment methodology. Items of construction in this Report are based on quantities taken from contractor estimates and engineering plans. All public infrastructure Improvements constituting the Project will be purchased by the District at the lower of the cost of such improvements or its fair market value. The terms and provisions set forth in the Original Report are applicable to the public improvements described in this Report.

During development and implementation of the proposed improvements identified in this Report, it may be necessary to make some modifications and deviations to the improvements. If such deviations or modifications .do not change the overall primary objective of this Report, then such changes will not materially affect the Report.

 	

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SUPPLEMENTAL ASSESSMENT METHODOLOGY

FOR SERIES 2019 BONDS

CAMPOBELLO

COMMUNITY DEVELOPMENT DISTRICT

September 16, 2019

Prepared by

Governmental Management Services-South Florida, LLC 5385 N. Nob Hill Road
Sunrise, FL 33351

CBCDD_SA.lvIFS2019-082819-03

Introduction

The Campo Bello Community Development District (the "District") is a local unit of specialMpurpose government organized and existing under chapter 190, Florida Statutes as amended. The District will issue approximately $10,615,000* of special assessment bonds (for the purpose of financing certain infrastructure improvements within the District, more specifically described in the April 12, 2019 Engineer's Report (the "Original Engineer's Report"), as it was supplemented on September 16, 2019 (the "Supplemental Engineer's Repo1t), pl'epared in both cases by Ford Engineers, Inc (the "District's Engineer" and together with the Original Engineer's Report the "Engineer's Report"), The Series 2019 Bonds (the "Series 2019 Bonds") will be issued to pay for a p01tion of the cost of the infrastructure improvements consisting of roadway improvements, stormwater management and drainage, water distribution system, sanitary collection system, and related costs (herein, the "Project" or "Improvement Plan").

Purpose

This Supplemental Master Assessment Methodology Report (the "Report") provides a supplement to the Master Assessment Methodology Report dated April 12, 2019 (the "Master Methodology") that determines the amount of District debt to be allocated to specific properties within the District benefitting from the Improvement PIan to be acquired or constructed by the District. The Project is being constructed as one system of improvements benefiting all the property within the boundaries of the District including the   herein   defmed   annexed    area(   when   the   annexation    has   been accomplished. This Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes. All capitalized te1ms not othe1wise defmed herein shall have the meaning ascribed thereto in the Master Methodology.

Background
The District currently includes approximately 43.24 gross acres of land located in unincorporated Miami-Dade County (the "County"), Florida) as part of the Improvement Plant as described on the Engineer's Report. The District boundaries will be expanded to include 1.44 gross acres of land as described on the Supplemental Engineer's Rep01t (herein the "annexed Area"). The developed community within the District will consist in total (after the a1111exation of the Annexed Are when the annexation is accomplished) of approximately 487 residential units currently anticipated as depicted in Table 1. The public improvements comprising the Project conte1nplated by the District will provide facilities that benefit the assessable property within the District including the Annexed Area when

*Preliminary, subject to cltange
CBCDD_SAMFS2019-082819-03	1

the annexation is accomplished. The acquisition costs for the Project are summarized in Table 2.

The assessment methodology is a three-step process.- Fil'st, the District Engineer dete11nines the costs for the Project contemplated by the District. Second, this cost forms the basis for a debt sizing. Thil'd, the bonded costs are divided among the benefited properties on the basis of benefit received as a result of the Project.

Assessment Methodology

Overview

The District anticipates the issuance of approximately $10,615,000* in Series 2019 Bonds to finance public infrastructure improvements comprising the Project, provide for capitalized interest, if so required, a debt service t·eserve account and cost of issuance. It is the purpose of this methodology to allocate the $10,615,000* in debt to the prope1ties benefiting from the Improvement Plan.

Table 1 identifies the development plan as identified by the Developer, Calatlantic Group, Inc, (the "Developer"). The Engineer's Rep01t outlines the community wide capital improvements needed to support the Development, which are shown in Table 2. The· public improvements constituting the Project needed to supp01t the development are described in detail in the Engineer's Report and are estimated to cost $9,929,800; additionally, the cost of the improvements for the Annexed Area is estimated in the Supplemental Engineer's Report to cost $359,162.98. Any portion of the Project not paid for with the proceeds of the Series 2019 Bonds will be financed by the Developer. These improvements will be funded through the issuance of the Series 2019 Bonds. Based. on the estimated costs, the size of the bond issue needed to generate funds to pay for the Project was determined by the District's Underwriter to total approximately $10,615,000*. Table 3 depicts the breakdown of the Series 2019 Bond sizing.

Allocation of Benefit

The allocation of benefit in this Report is based on the Master Methodology; nothing is this Report is meant to alter the allocation of benefit provided in the Master Methodology. The allocation of benefit is based on assigned

*Preliminary, subject to change

CBCDD..,.SAMFS2019-082819-03	2

ERUs and is shown in Table 4.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. The initial assessments will be levied on an equal basis to all acres within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the land within the District is benefiting equally from the Improvement Plan and the special assessments will be assigned on a per acre basis. The allocation of Debt is this Rep01t is consistent with the Master Methodology.

In accordance with the benefit allocation in Table 4, a total pat· amount of the Series 2019 Bonds per unit and an annual debt assessment per unit for the proposed District's Series 2019 Bonds have been calculated for each land use as illustrated in Table 5. These amounts represent the preliminary anticipated per unit debt and annual assessment allocations assuming all anticipated units are built and sold in the proportions planned, and the entire proposed infrastructure program is constructed or acquired and financed by the District.

3.0	True Up

Whenever a plat, declaration of condominium or site plan or revision is processed, the District must allocate a portion of its debt to the property according to the methodology outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Properties. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service on the Series 2019 Bonds then no adjustment is required. In the case that the revenue generated is less than the required amount then a debt reduction payment by the Developer in the amount necessary to reduce the par amount of the outstanding Series 2019 Bonds plus accrued interest to a level that will be suppo1ted by the new maximum annual debt service will be required.

-  ,-----	 	

4.0	Assessment Roll

The District will initially distribute thy liens across the property within the District boundaries on a gross acreage basis. As Assigned Prope1ty becomes known with certainty, the District will refine its allocation of debt from aper acl'e basis to a pel' unit basis as shown in Table 6, If the land use plan changes, then the District will update Table 6 to reflect the changes. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land in the District prior to the time final Assigned Properties become known. As the development process occurs, the debt will be distributed against the Assigned Property in the manner

described in this Report·. 7.

Additional Information

The current assessment roll is depicted in Table

Governmental Management Services-South Florida, LLC (GMS) does not represent the District as a Municipal Advisor or Security Broker, nor is GMS registered to provide such services as described in the Sections 15B of the Security and Exchange Act of1934, as amended, Similarly GMS does not provide the District with advisory services or offer investment advice,

Certain information in this Report was provided by members of the District staff, the Developer or other professionals hired in conjunction with the bond issuance, GMS makes no representation regarding the information provided by others.

(Reminder of the page intentionally left blank)

 Land Use	No. of Units*	ERUs per Unit	Total ERUs	

Main Site
Single Family	30	1.00	30	
 	Townhomes	440	0.80	352	
Sub-Total	470		382	
Annex
Single Family	
1	
1.00	
1	
Townhomes	16 	0.80	12.8	

Sub-Total	17
Residential Units	487
Gross Acres	44.720

13.8
395.8

Unit mix subject to change base<! on marketing and otherfactors.

Cost
Category	Current Plan	Annex	
Roadway Improvements	$	3,838,300	$142,449.15 .	
Stonnwater Management	$	2,244,500	$81,184.04	
Water Distribution System	$	1,580,800	$57,177.87	
Sanitary Collection System	$	2,166,200	$78,351.91	

Sub-Total	
$	9,929,800	
$359,163	
Total	$	10,288,963		

Information provided by Ford Engineers, Inc.			

	SERIES201-9	
Construction Funds	$ 9,798,722	
Debt Service Reserve	$	301,355	
Capitalized Interest	$	102,165	
Underwriters Discount	$	212,300	
Issuance Costs	$	199,991	
Rounding	$	467	
Par Amount*	$ 10,615,{JQQ

3.85%
30
12months
50%MADS
2.00%

Interest Rate Amortization Capitalized Interest Debt Service Reserve Underwrrters Discount

"Subfect to chanae, based on the following:

MADS=	$608,797.00

Prepared by Governmental Management SeNices-South Florida, £1.C	Tables Page 3

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Land Use	
No. of Units*	
ERUs Eer Unit.	
TotalERUs	Total Cost Allocated	Total Costs per Unit	
Main Site Single Family	
30	
1.00	
30.00	
$	779,82723	
$	25,994.24	
Townhomes	440	0.80	352.00	$.	9,149,972.77	$	20,795.39	
Sub-Total	470		382	$	9,929,800		
Annex
Single Family	
1	
1.00	
1.00	
$	26,026.30	
$	26,026.30	
Townhomes	16	0.80	12.80	$	333,136.67	$	20,821.04	
Sub-Total	17		13.8	$359,162.97		

Totals	
487		
395.80	
$	10,288,963		

1

Unit mix subject to change based on marketing and other factors.

Prepared by Governmental ManagementSennoes-South Ffolicia, LLC	Tables Page 4

Series 2019	Series Z019	Annual	Annua!""'Net	
Total Cost	Tota! Allocation of	Allocation of Par	Debt Assessment	Debt Assessment Land Use	No. of Units*	Total ERUs	Allocated		Par Debt		Debt per Unit		Total		Per Unit		

Main Site
Single Family	

30	

30.00	
$	779,827.00	

$	804,538	
$	26,817.95	

$45,930	
$	1,531.00		
Townhomes	440	352.00	$	9,149,973.00	$	9,439,917	$	21,454.36	$541,640	$	1,231.00		
Sub-Total	470	382.00	$	9,929,800	$	10,244,456		$	587,570			

Single Family	
1	
1.00	
$	26,026.00	
$	26,819	
$	26,819.10	
$1,531	
$	1,531.00		
Townhornes	16	12.80	$	333,137.00	$	343,284	$	21,455.28	$19,696	$	1,231.00		
Sub-Total	17	13.80	$	359,163	$	370,544		$	21,227			

Totals	
487	
395.80	
$	10,288,962.97	
$	10,615,000		
$	608,797.00			

* Unit miJCsubjectto change based on marketing and otherfuc:tors.
.. This amount will be yrossed up to includes discounts for early payments and county collecf:ion fees.

Prepared by Governmental Management Services-Soutt;Florida, LLC	Tables Page 5

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l

Total Allocation of Cost	Series2019 Allocation of Par	
FolioiD#	Acres	Per Acre	Debt per Acre
Main Site	
30-6030-001-0040	1.30	$	288,657	$	308,575.58	
30-6030-001-0080	3.91	$	868,191	$	928,100.40	
30-6030-001-0160	3.91	$	868,191	$	928,100.40	
30-6030-001-0190	2.44	$	541,787	$	579,172.63	
30-6030-001-0240	0.94	$	208,721	$	223,123.88	
30-6030-001-0250	0.16	$	35,527	$	37,978.53	
30-6030-001-0260	0.16	$	35,527	$	37,978.53	
30-6030-001-0290	1.89	$	419,663	$	448,621.42	
30-6030-001-0410	1.26	$	279,775	$	_ 299,080.95	
30-6030-001-0460	0.32	$	71,054	$	75,957.07	
30-6030-001-0470	0.55	$	122,124	$	130,55121	
30-6030-001-0480	0.16	$	35,527	$	37,978,53	
30-6030-001-0481	0.16	$	35,527	$	37,978.53	
30-6030-001-0490	0.31	$	68,834	$	73,583.41	
30-6030-001-0500	1.46	$	324,184	$	346,554.11	
30-6030-001-0376	0.16	$	35,527	$	37,978.53	
30-6030-001-0101	0.82	$	182,076	$	194,639.98	
30-6030-001-0371	0.63	$	139,888	$	149,540.47	
30-6030-001-0280	0.47	$	104,361	$	"111,561.94	
30-6030-001-0110	0.16	$	35,527	$	37,978.53	
30-6030-001-0384	0.63	$	139,888	$	149,540.47	
30-6030-001-0071	0.64	$	142,108	$	151,914.13	
30-6030-001-0010	0.65	$	144,328	$	154,287.79	
30-6030-001-0111	0.65	$	144,328	$	154,287.79	
30-6030-001-0114	0.16	$	35,527	$	37,978.53	
30-6030-001-0180	0.81	$	179,856	$	192,266.32	
30-6030-001-0270	0.16	$	35,527	$	37,978.53	
30-6030-001-0380	1.73	$	384,136	$	410,642.89	
30-6030-001-0390	0.16	$	35,527	$	37,978.53	
30-6030-001-0230	0.71	$	157,651	$	168,529.74	
30--6030-001-0102	0.16	$	35,527	$	37,978.53	
30-6030-001-0112	0.16	$	35,527	$	37,978.53	
30-6030-001-0360	0.16	$	35,527	$	37,978.53	
30-6030-001-0370	0.16	$	35,527	$	37,978.53	

Folio lD#	
Acres	Total Allocation of Cost
Per Acre	Series2019
Allocation of Par Debt per Acre	
30-6030-001-0375	0.16	$	35,527	$	37,978.53	
30-6030-001-0030	0.16	$	35,527	$	37,978.53	
30-6030-001-0321	0.31	$	68,834	$	73,583.41	
30-6030-001-0330	0.16	$	35,527	$	37,978.53	
30-6030-001-0331	0.31	$	68,834	$	73,583.41	
0-6030-001-0450	1.57	$	348,609	$	372,664.36	
30-6030-001-0340	1.69	$	375,254	$	401,148.26	
30-6030-001-0350	1.89	$	419,663	$	448,621.42	
30-6030-001-0070	0.33	$	73,274	$	78,330.72	
30-6030-001-0100	0.16	$	35,527	$	37,978.53	
30-6030-001-0i13	0.33	$	73,274	$	78,330.72	
30-6030-001-0108	0.16.	$	35,527	$	37,978.53	
30-6030-001-0106	0.16	$	35,527	$	37,978.53	
30-6030-001--0210	0.16	$	35,527	$	37,978.53	
30-6030-001-0170	3.44	$	763,831	$	816,538.78	
30-6030-001-0104	0.16	$	35,527	$	37,978.53	
30-6030-001-0107	0.16	$	35,527	$	37,978.53	
30-6030-001-0300	1.57	$	348,609	$	372,664.36	
30-6030-001-0291	0.67	$	148,769	$	159,035.11	
30-6030-001-0010	0.65	$	144,328	$	154,287.79	
30-6030-001-0180	0.81	$	179,856	$	192,266.32	
30-6030-001-0220	0.16	$	35,527	$	37,978.53	
Annex				
30-6030-001-0310	0.79	$	175,415	$	187,519.01	
30-6030-001-0105	0.16	$	35,527	$	37,978.53	
30-6030-001-0109	0.33	$	73,274	$	78,330.72	
30-6030-001-0103	0.16	$	35,527	$	37,978.53	

Totals	44.720	
$	9,929,800	
$	1b,61s,ooo	

Folio ID#	2019 Par Debt	Annual
Estimated Net*	
Owner	30-6030-001-	Acres	Per Acre	Debt Assessment
Main Site	
CALATLANTIC GROUP lNC	0040	1.30	$	308,576	$	17,697.59	
CALATLANTIC GROUP INC	0080	3.91	$	928,100	$	53,228.90	
CALATLANTIC GROUP INC ··	0160	3.91	$	928;100	$	53,228.90	
CALATLANTIC GROUP INC	0190	2.44	$	579,173	$	33,217.01	
CALATLANTIC GROUP [NC	0240	0.94	$	223,124	$	12,796.72	
CALATLANTIC GROUP INC	0250	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0260	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0290	1.89	$	448,621	$	25,729.57	
CALATLANTIC GROUP INC	0410	1-26	$	299,081	$	17,153.05	
CALATLANTIC GROUP INC	0460	0.32	$	75,957	$	4,356.33	
CALATLANTIC GROUP INC	0470	0.55	$	130,551	$	7,487.44	
CALATLANTIC GROUP INC	0480	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP lNC	0481	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0490	0.31	$	73,583	$	4,220.19	
CALATLANTIC GROUP INC	0500	1.46	$	346,554	$	19,875.75	
CALATLANTIC GROUP INC	0376	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0101	0.82	$	194,640	$	11,163.09	
CALATLANTIC GROUP INC	0371	0.63	$	149,540	$	8,576.52	
CALATLANTIC GROUP INC	0280	0.47	$	111,562	$	6,398.36	
CALATLANTIC GROUP !NC	0110	0.16	$	37,979	$	2,178.16	
CALATLANT!C GROUP lNC	0384	0.63	$	149,540	$	8,576.52	
CALATLANTlC GROUP INC	0071	0.64	$	151,914	$	8,712.66	
CALATLANTIC GROUP INC	0010	0.65	$	154,288	$	8,848.79	
CALATLANTIC GROUP INC	0111	0.65	$	154,288	$	B,848.79	
CALATLANTIC GROUP fNC	0114	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP fNC	0180	0.81	$	192,266	$	11,026.96	
CALATLANTIC GROUP [NC	0270	0.16	$	37,979	$	2,.178.16	
CALATLANT!C GROUP INC	0380	1.73	$	·410,643	$	23,551.40	
CALATLANTIC GROUP INC	0390	0.16	$	37,979	$	2,178.16	
CALATLANT!C GROUP INC	0230	0.71	$	168,530	$	9,665.61	
CALATLANTIC GROUP INC	0102	0.16	$	37,979	$	2,178.16	
CALATLANT[C GROUP INC	0112	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0360	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0370	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0375	0.16	$	37,979	$	2,178.16	

1

Prepared by Governmental Management SeNices-Soulh Flon"da, LLC	Tables Page 8

	
FoTioID#		
2019 Par Debt	Annual
Estimated Net'	
Owner	30-6030-001-	Acres	Per Acre	Debt Assessment	
CALATLANTIC GROUP INC	.0030	0.1_6	$	37,979	$	2,178.16	
CALATLANTIC GROUP !NC	0321	0.31	$	73,583	$	4,220.19	
CALATLANTlC GROUP INC ·	0330	0.16	$	37,979	$	2,178.16	
CALATLANTJC GROUP INC	0331	D.31	$	73,583	$	4,220.19	
CALATLANTlC GROUP INC	0450	1.57	$	372,664	$	21,37324	
CALATLANTIC GROUP INC	0340	1.69	$	401,148	$	23,006.86	
CALATLANTIC GROUP INC	0350	1.89	$	448,621	$	25,729.57	
CALATLANTIC GROUP INC	0070	0.33	$	78,331	$	4,492.46	
CALATLANTIC GROUP INC	0100	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP !NC	0113	0.33	$	78,331	$	4,492.46	
CALATLANTIC GROUP [NC	0108	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0106	0.16	$	37,979	$	2,178.16	
CALATLANTJC GROUP INC	0210	0.16	$	37,979	$	2,178.16	
CALATLANTJC GROUP INC	0170	3.44	$	816,539	$	46,830.54	
CALATLANTIC GROUP lNC	0104	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0107	0.16	$	37,979	$	2,178.16	
CALATLANTIC GROUP INC	0300	1.57	$	372,664	$	21,373.24	
CAIATLANTIC GROUP INC	0291	0.67	$	159,035	$	9,121.06	
CALATLANTIC GROUP !NC	0010	0.65	$	154,288	$	8,848.79	
CALATLANTIC GROUP INC	-0180	0.81	$	192,266	$	1-1,026.96	
CALATLANTIC GROUP INC	0220	0.16	$	37,979	$	2,178.16	
Annex
CALATLANTIC GROUP INC	
0310	
0.79	
$	187,519	
$	10,754.69	
CALATLANTIC GROUP INC	0'!05	0.16	$	37,979	$	2,178.16	
CALATLANTlC GROUP INC	0109	0.33	$	78,331	$	4,492.46	
CALA11..ANTIC GROUP INC	010_3	0.16	$	37,979	$	2,178_16	
	TOTAL	44.720	$	10,615,000	$	608,797.00	

* This amount will be grossed up ta includes discounts for early payments and collection fees.

Prepared by Govemmenraf Management Services-SouthFfotida, LLC	Tables Page 9

RESOLUTION 2020-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CAMPO BELLO COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING THE DISTRICT EXPANSION AREA PROJECT; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON PROPERTY SPECIALLY BENEFITED BY SUCH PROJECTS TO PAY THE COST THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHOD PROVIDED FOR BY CHAPTERS 170 AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE SPECIAL ASSESSMENT BONDS; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CAMPO BELLO COMMUNITY DEVELOPMENT DISTRICT, THAT:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution
is adopted pursuant to Chapters 170, 190 and 197, Florida Statutes.

SECTION  2.  FINDINGS.   The Board of Supervisors of  the  Campo Bello

)

Community Development District (the ''Board11       hereby finds and  determines as
follows:

The Campo Bello Community Development District (the

)

"District11        is   a  local  unit  of  special-purpose  government  organized  and
existing under and pursuant to Chapter 190, Florida Statutes, as amended.
The  District  was  established		pursuant to Chapter 190, Florida	Statutes,	and	Ordinance	No.	19-26	(the	"Establishment

)

Ordinance11        enacted  by  the  Board  of  County  Commissioners  of  Miami­
Dade County, Florida.
The boundaries of the District were expanded to include the
Expansion	Area,  as  defined	in  Ordinance	No. 	(the

)

"Expansion Ordinance11       enacted  by  the Board of  County  Commissioners
of Miami-Dade County, Florida.

The District is authorized under Chapter 190, Florida Statutes, to finance, fund, plan, establish, acquire, construct or reconstruct, enlarge or extend, equip, operate and maintain certain public infrastructure improvements and facilities within and outside the Expansion Area of the District, benefiting all assessable lands within the Expansion Area, including, but not limited to,  roadway improvements and related impact fees; stormwater management and control facilities, including, but not limited to, related earthwork; water and wastewater systems, including related connection charges; and related incidental costs and improvements; and to pay all or a portion of the design, acquisition and construction cost of said public infrastructure improvements ("Expansion Area Project"), all as more particularly described in the Engineer's Report, as later defined.
The District is authorized by Chapter 170, Florida Statutes, to levy non-ad valorem special assessments to pay all, or any part of the cost of such Expansion Area Project and, to issue special assessment bonds (the "Bonds") payable from such special assessments as provided in Chapters 190 and 170, Florida Statutes.
It is necessary to the public safety and welfare that (i) the
District provide the Expansion Area Project, the nature and  location  of which are described in Resolution 2020-01 and more specifically  described in the Supplemental Engineer's Report for Campo Bello Community Development District, prepared by Ford Engineers, Inc.,  dated  and  approved by the Board of Supervisors on September 16, 2019, as amended and supplemented from time to time by the  Board  (the  "Engineer's Report"), incorporated herein by reference and on file at the offices of the District Manager, 5385 N. Nob Hill Road, Sunrise, Florida 33351 and at 13155 SW 134th Street, Suite 125, Miami, Florida 33186 (collectively, the "District Offices"), (ii) the cost of such Expansion Area Project to  be assessed against the lands within the Expansion Area of  the  District specially benefited by such Expansion Are Project, and (iii)  the  District issue its Special Assessment Bonds (Expansion Area Project) (the "Bonds") to provide funds for such purposes pending the receipt of such special assessments.
The provision of said Expansion Area Project, the levying of
such special assessments and the sale and issuance of such Bonds serves a proper, essential, and valid public purpose.
In order to provide funds with which to pay the costs of the Expansion Area Project which are to be assessed against the benefited properties of the Expansion Area of the District pending the collection of

such special assessments, it is necessary for the District to sell and issue its Bonds in one or more series; and
By Resolution 2020-01 adopted by the Board, the Board determined to provide the Expansion Area Project and the defray the cost thereof by levying non-ad valorem special assessments on benefited property and expressed an intention to issue the Bonds to provide the funds needed for the Expansion Area Project prior to the collection of such special assessments. Resolution 2020-01 was adopted in compliance with the requirements of Section 170.03, Florida Statutes, and prior to the time the same was adopted, the requirements of Section 170.04, Florida Statutes; had been complied with by the District; and
As directed by Resolution . 2020-01, said resolution was published as required by Section 170.05, Florida  Statutes,  and  a  copy  of the publisher's affidavit of publication is on file with the Secretary of the Board; and
As directed by Resolution 2020-01, a preliminary assessment roll was prepared and filed with the Board as required by Section 170.06,
Florida Statutes; and
As required by Section 170.07, Florida Statutes; upon completion of the preliminary assessment roll, the Board adopted Resolution 2020-02 fixing the time and place of a public hearing at which owners of the property to be assessed within the Expansion Area of the District and other persons interested therein may appear before the Board and be heard as to (i) the propriety and advisability of making the public improvements comprising the Expansion Area Project, (ii) the cost thereof,
(iii) the manner of payment therefore, and (iv) the amount thereof to be assessed against eac parcel specially benefited by such Expansion Area Project and providing for the mailing publication of notice of such public hearing; and
Notice of such public hearing has been given by publication and by mail as required by Section 170.07, Florida Statutes, and affidavits as to such publication and mailing are on file in the office of the Secretary of the Board; and
At the time and place specified in Resolution 2020-02 and notice referred to in paragraph (m) above, the Board met as an Equalization Board, conducted such public hearing and heard and considered all complaints as to the matters described in paragraph (I) above, and based thereon, has made such modifications in the preliminary assessment roll as it deems desirable at this time; and

Having considered the costs of the Expansion Area Project, revised estimates of financing costs and all complaints and evidence presented at such public hearing, the Board finds and determines:

that the estimated costs of the Expansion Area Project is as specified in the Engineer 1 s Report and in the Special Assessment Methodology for Campo Bello Community Development District Expansion Area, dated September 16, 2019, prepared by Governmental Management Services-South Florida, LLC, as amended and supplemented from time to time by the Board, attached   hereto   and   made   a   part   hereof   as  Exhibit   II A11       (the

) ;

11Assessment Rep or t11

it is reasonable, proper, just and right to assess the  cost of  such Expansion Area Project against the properties within the Expansion Area of the District specially benefited thereby using the methods determined by the Board which will result in special assessments to be set forth on a final assessment  roll to  be  adopted by the Board at the time when the final project costs for  the Expansion Area Project, structure and interest rate on  the  Bonds to  be issued by the District are known, it is hereby declared that the Expansion Area Project will constitute a  special  benefit  to  all parcels of real property within the Expansion Area of the District  to be listed on said final assessment roll and that  the  benefit,  in  the case of each such parcel, will be in excess of the special assessment thereon; and
it is desirable that the special assessments be paid and  collected as herein provided.

SECTION  3.	AUTHORIZATION   OF  DISTRICT  PROJECTS.	The
Expansion Area Project described in Resolution 2020-01 as more specifically described in the Engineer 1 s Report on file at the District Offices are hereby authorized and approved and the proper officers, employees and agents of the District are hereby authorized and directed to take such further action as may be necessary or desirable to cause the same to be made following the issuance of the Bonds referred to herein.

SECTION  4.   ESTIMATED  COST  OF  EXPANSION  AREA PROJECT.
The total estimated costs of the  Expansion Area Project and the costs to be  paid

by special assessments on all specially benefited property are set forth in the Engineer's Report and the Assessment Report.

SECTION 5. APPROVAL AND CONFIRMATION OF ASSESSMENT
METHODOLOGY.	The special assessment methodology set forth in the preliminary assessment roll previously adopted by this Board in Resolution 2020-01 and in the Assessment Report is hereby approved and confirmed. The special assessment against each respective parcel to be shown on such final assessment roll and interest and penalties thereon, as hereafter provided, shall be and shall remain a legal, valid and binding first lien on such parcel until paid; such lien shall be coequal with the lien of all state, county, district, municipal, or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 6. FINALIZATION OF SPECIAL ASSESSMENTS. When the
Expansion Area Project has been constructed to completion or otherwise provided to the satisfaction of the Board, the Board shall adopt a resolution accepting the same and determining the actual costs (including financing costs) thereof, as required by Section 170.08 and 170.09, Florida Statutes. The District shall credit to each special assessment for Expansion Area Project the difference between the special assessment as hereby made, approved and confirmed  and the proportionate part of the actual costs of the Expansion Area Project, as finally determined upon completion thereof, but in no event shall the final amount of any such special assessment exceed the amount of benefits originally assessed hereunder. In making such credits no discount shall be granted or credit given for any part of the payee's proportionate share of any actual Bond financing costs, such as capitalized interest, funded reserves or bond discount included in the estimated cost of any such public improvements comprising the Expansion Area Project. Such credits shall be entered in the Improvement Lien Book. Once the final amount of special assessments for all of the Expansion Area Project have been determined, the term "special assessment" shall, with respect to each parcel, mean the sum of the costs of the Expansion Area Project.

SECTION	7.	PAYMENT	AND	PREPAYMENT	OF	NON-AD VALOREM SPECIAL ASSESSMENTS AND METHOD OF COLLECTION.
All non-ad valorem special assessments shall be payable in no more than thirty (30) annual installments which shall include interest, calculated in accordance with the Assessment Report. All special assessments collected utilizing the uniform method of collection shall be the amount determined in the first sentence of this paragraph divided by 1 minus the sum of the percentage

cost of collection, necessary administrative costs and the maximum allowable discount for the early payment of taxes (currently four percent 4%).

The Board hereby elects, under its Charter (Chapter 190, Florida Statutes) and Section 197.3631, Florida Statutes, to use the method of collecting special assessments authorized by Sections 197.3632 and 197.3635, Florida Statutes. The Board has heretofore timely taken, or will timely take, all necessary actions to comply with the provisions of said Sections 197.3632 and 197.3635, Florida Statutes, and applicable rules adopted pursuant thereto; and, on or prior to the date on which the Bonds are issued, sold and delivered, the District shall enter into a written agreement with the Property Appraiser and Tax Collector of County in compliance therewith. Such non-ad valorem special assessments shall be subject to all the collection provisions of Chapter 197, Florida Statutes.

Notwithstanding the foregoing, the Board reserves the right under Section 197.3631, Florida Statutes, to collect its non-ad valorem special assessments pursuant to Chapter 170, Florida Statutes, and to foreclose its non­ ad valorem special assessment liens as provided for by law.

All special assessments may be prepaid, in whole or in part at any time, by payment of an amount equal to the principal amount of such prepayment plus interest accrued at the interest rate on the Bonds to which such special assessments are pledged to the first interest payment date which is more than forty-five (45) days prior to the date of such prepayment. All special assessments are also subject to prepayment in the amounts and at the times set forth in Chapter 170, Florida Statutes; provided, however, that the owner of land subject to the special assessments may elect to waive such statutory right of prepayment.

SECTION 8. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 9. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 10. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

APPROVED AND ADOPTED THIS 27th DAY OF March, 2020.

CAMPO BELLO COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	ChairmanNice Chairman

Exhibit "A" - Assessment Report

INTERGOVERNMENTAL COOPERATION AGREEMENT BY AND AMONG
MIAMI-DADE COUNTY PROPERTY APPRAISER AND
MIAMI-DADE COUNTY TAX COLLECTOR AND
CAMPO BELLO COMMUNITY DEVELOPMENT DISTRICT

THIS INTERGOVERNMENTAL COOPERATION  AGREEMENT  (the "Agreement") is

made and entered  into as of the  		day of  	,2020, by and among

Miami-Dade County Office of the Property Appraiser (hereinafter referred to as "Property Appraiser"), Florida, Miami-Dade County on behalf of the Tax Collector (hereinafter referred to as "Tax Collector"), Florida, and the Campo Bello Community Development District (hereinafter referred to as "District"), Florida.
WITNESSETH

WHEREAS, the District intends to adopt non-ad valorem assessments for collecting its benefit and maintenance assessments or such other assessments imposed by the District ("Non-Ad Valorem Assessments"); and
WHEREAS, the District intends to utilize the uniform method of collection, as outlined in Sections 197.3632 and 197.3635 of the Florida Statutes, for collection of its Non-Ad Valorem Assessments; and
WHEREAS, the District has requested that the Property Appraiser include the District's proposed or adopted Non-Ad Valorem Assessments for the District on the Notice of Proposed Property Taxes as specified in Section 200.069, Florida Statutes ("TRIM Notice"); and
WHEREAS, the District has requested the Tax Collector include the District's adopted Non-Ad Valorem Assessments on the Combined Notice of Ad Valorem Taxes and Non-Ad Valorem Assessments in accordance with Section 197.3635, Florida Statutes ("Tax Bill"); and

WHEREAS, the District, the Tax Collector, and the Property Appraiser must enter into a written agreement evidencing the Tax Collector's and the Property Appraiser's agreement to place the District's Non-Ad Valorem Assessments on the TRIM Notice and Tax Bill; and
WHEREAS, pursuant to Rule 12D18.001 of the Florida Administrative Code, and Escambia County v. Bell, 717 So. 2d 85 (Fla. 1st DCA 1998), it is the duty of the District to determine, under law, whether the Non Ad-Valorem Assessments are constitutional and may be collected as a lien; the duties of the Property Appraiser and Tax Collector under section 197.3632 of the Florida Statutes are ministerial and shall not be construed to authorize the levy of the Non Ad-Valorem Assessments; and
WHEREAS, the District represents that it has duly complied with the notice provisions and adopted Resolution No. 2019-18 in compliance with Section 197.3632 Florida Statutes, so as to entitle the District to elect the non-ad valorem method of collection, and the Tax Collector and Property Appraiser have relied on these representations,
NOW THEREFORE, for good and valuable consideration, and intending to be legally bound hereby, the Tax Collector, the Property Appraiser, and the District agree as follows:
The District's request to place its Non-Ad Valorem Assessments TRIM Notice is granted by the Property Appraiser, subject to the District's compliance with the terms of this Agreement.
The District's request to place its Non-Ad Valorem Assessments on the Tax Bill is granted by the Tax Collector, subject to the District's compliance with the terms of this Agreement.

The District agrees to the following requirements in order to place its Non-Ad Valorem Assessments on the TRIM Notice and Tax Bill:
The Non-Ad Valorem Assessments will be assessed yearly against all eligible properties within the District, and the  District  shall  never  have  attempted  to collect the Non-Ad Valorem Assessments prior year assessments.
No later than July 9th of the current year the following should be provided to

the Property Appraiser:

The final files for the TRIM Notice.

The description of "Purpose of Assessment" as it would appear on the TRIM Notice.
The District's contact name and phone number used to address questions regarding the assessment.
No later than August 1st of the current year an insert describing the Non Ad­ Valorem Assessments to be included with the mailing of the TRIM Notice. A sample must be provided to the Property Appraiser  for  approval  prior  to August 1S1.
No later than September 15th of the current year the final roll reflecting the

Non-Ad Valorem Assessments that are to appear on the Tax Bill must be submitted to the Property Appraiser and the Tax Collector.
The District agrees that the Tax Collector shall be entitled to retain the actual costs of collection, or two percent (2%), on the amount of special assessments collected and remitted.
This Agreement shall not take effect until the District is in full compliance with all local zoning, land use, and other applicable regulations.
Duration of this Agreement. Subject to the limitation of paragraph 5 above, this Agreement shall take effect upon signing and shall extend to the collection of

special assessments for each fiscal year thereafter, until cancelled by any Party pursuant to paragraph 11 herein.
Severability of the Provisions in this Agreement. The provisions of this Agreement are intended to be severable. If any provision of this Agreement shall be held to be invalid or unenforceable in whole or in part, such provision shall be ineffective to the extent of such invalidity or unenforceability without in any manner affecting the validity or enforceability of the remaining provisions of this Agreement.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida.
Amendments or Modifications of this Agreement. It is anticipated by the Parties that the terms and conditions of this Agreement will be periodically amended or modified. Such amendments or modifications must be in writing and must be duly executed by all Parties to this Agreement.
Indemnification and Hold Harmless. The District shall indemnify and hold harmless, to the extent permitted by Florida law, the Property Appraiser, Tax Collector and their respective officers, employees, agents and instrumentalities from any and all liability, losses or damages, including attorneys' fees and costs of defense, which the Property Appraiser, Tax Collector or their respective officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to or resulting from the negligent or intentional acts or omissions of the District or its employees, agents, servants, partners principals, or subcontractors arising out of, relating to, or resulting from the performance of the Agreement. The District shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits or actions of any kind or nature

in the name of the Property Appraiser or Tax Collector where applicable, including appellate proceedings, and shall pay all costs, judgments, and attorneys' fees which may issue thereon.
Cancellation. This Agreement may be cancelled by any Party upon thirty (30) days written notice to the other Parties.
Intent to be Legally Bound. By signing this Agreement, the Parties hereto confirm and state that they have carefully read the Agreement, that they know the contents thereof, that they fully expect to carry out each and every provision, and that they intend to be legally bound by the rights and obligations set forth herein.
Headings. The headings for each paragraph in this Agreement are for the purposes of reference only and shall not limit or otherwise affect the meaning of any provision.
Complete Agreement. This document shall represent the complete Agreement of the Parties.
IN WITNESS WHEREOF, the Parties hereto execute this Agreement, and they affirm that they have the power to do so on behalf of the District, the Tax Collector, and the Property Appraiser.

ATTEST:	CAMPO BELLOCOMMUNITY DEVELOPMENT DISTRICT

By: 			_ District  	

By: 		_ District  	

MIAMI-DADE COUNTY, FLORIDA PROPERTY APPRAISER

By: 		_ Pedro J. Garcia
Property Appraiser

MIAMI-DADE COUNTY, FLORIDA BY ITS BOARD OF COUNTY COMMISSIONERS

ATTEST:

By: 		_ Harvey Ruvin
County Clerk

By: 		_ Carlos A. Gimenez
Miami- Dade County Mayor

Approved as to legal sufficiency for Miami-Dade County and the Office of the Property Appraiser:

By: 		_ Assistant County Attorney

Campo Bello
Community Development District	Funding Request #8
March 18, 2020

PAYEE

1	ALM Media, LLC	GENERAL FUND	
Inv# 460042 - Notice of Public Hearing	$	78q.08	
Inv# 460072 - Resolution 2020-01	$	739.56	
2	Billing, Cochran, Lyles, Mauro & Ramsey, PA		
Inv# 160812 - General Counsel (Jan 20)	$	435.00	
3	Ford Engineers		
Inv# 98308 - Engineering Services	$	142.50	
4	GMS-SF, LLC		
Inv# 12 - Management Fees & Expenses (Jan 20)	$	3,167.43	
TOTAL	$	5,270.57	

Please make check payable to:
Campo Bello Community Development District
5385 N Nob Hill Road Sunrise, FL 33351

Campo Bello
COMMUNITY DEVELOPMENT DISTRICT
COMBINED  BALANCE SHEET
February 29, 2020

	Governmental Fund Tl£[!es		Totals	
	Debt	Capital	(Memorandum Only)	
	General	Service	Projects	2020	
ASSETS:					
Cash	$12,247			$12,247	
Investments:					
Series 2019:					
Reserve		$301,100		$301,100	
Interest		$178		$178	
Revenue				$0	
Acq & Construction			$509,743	$509,743	
Annexation Construction			$331,317	$331,317	
Cost of Issuance			$114	$114	
Due from Developer	$578			$578	
TOTAL ASSETS	$12,825	$301,278	$841,173	$1,155,275	

LIABILITIES:					
Accounts Payable	$578			$578	
Due to Developer	$2,610			$2,610	
FUND BALANCES:					
Restricted for Debt Service		$301,278		$301,278	
Restricted for Capital Projects			$841,173	$841,173	
Unassigned	$9,637			$9,637	

TOTAL LIABILITIES & FUND BALANCES	
$12,825	
$301,278	
$841,173	
$1,155,275	

-1

Campo Bello
. COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues & Expenditures, and Net Change in Fund Balance
For the Period Ended February 29, 2020

DESCRIPTION	ADOPTED BUDGET	PRORATED BUDGET THRU 02/29/20	ACTUAL THRU 02/29/20	
VARIANCE	

Revenues						
Developer Contributions	$125,010	$52,088	$19,260	($32,828)	

TOTAL REVENUES 	$125,010	$52,088	$19,260		($32,828)	

Expenditures					
Administrative						
Engineering Fees	$12,000	$5,000	$238	$4,763	
Dissemination Agent	$2,500	$1,042	$0	$1,042	
Arbitrage	$600	$0	$0	$0	
Assessment Roll	$4,000	$0	$0	$0	
Attorney Fees	$15,000	$6,250	$2,872	$3,378	
Annual Audit	$3,500	$0	$0	$0	
Trustee Fees	$6,000	$0	$0	$0	
Management Fees	$36,000	$15,000	$15,000	$0	
Telephone	$50	$21	$3	$18	
Postage	$750	$313	$0	$313	
Insurance	$8,000	$8,000	$5,000	$3,000	
Printing & Binding	$1,000	$417	$225	$192	
Legal Advertising	$2,500	$1,042	$0	$1,042	
Other Current Charges	$700	$292	$473	($182)	
Website Administration	$1,000	$417	$417	$0	
Office Supplies	$150	$63	$36	$27	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
	$21,335	$21,335	$0	$21,335	
Field					
Contingency	$9,750	$4,063	$0	$4,063	

TOTAL EXPENDITURES 	$125,010	$59,364	$24,437		$13,592

Excess (deficiency) of revenues
over (under) expenditures	 	$0	($7,277)	($5,178)		($19,236)

FUND BALANCE - Beginning	$0	$14,815	
FUND BALANCE - Ending	$0	$9,637	

Page 2

CAMPO BELLO
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND - SERIES 2019
Statement of Revenues & Expenditures, and Net Change in Fund Balance
For the  Period Ended February 29, 2020

DESCRIPTION		PROPOSED
BUDGET		PRORATED BUDGET
THRU 02/29/20		ACTUAL
THRU 02/29/20		
VARIANCE	

Revenues									
Interest Income		$0		$0		$1,377		$1,377	
Direct Assessments		$201,275		$0		$0		$0	
TOTAL REVENUES		$201,275		$0		$1,377		$1,377	

Expenditures									
Series 2019									

	$72,683	$72,683	$72,683	$0	
	$201,275	$0	$0	$0	
	$0	$0	$0	$0	
	$273,958	$72,683	$72,683	$0	

Interest Expense - 12/15 Interest Expense - 06/15 Principal Expense - 06/15

TOTAL EXPENDITURES

Excess (deficiency) of revenues over (under) expenditures

 	($72,683)	 	($72,683)	 	($71,305)	 	$1,377 

Other Financing Sources/(Usesl:

Bond Proceeds	$373,783	$373,783	$373,783	$0	
lnterfund Transfer Out

Total Other Financing		$0	$0	($1,200)	($1,200)	
Sources/(Uses):		$373,783	$373,783	$372,583	($1,200)	

Net change in Fund Balance		
$301,100	
$301,100	
$301,278	
$178	

FUND BALANCE - Beginning		
$0		
$0		
FUND BALANCE - Ending		$301,100		$301,278		

Campo Bello
COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND - SERIES 2018
Statement of Revenues & Expenditures, and Net Change in Fund Balance
For the  Period Ended February 29, 2020

 	 	 	 	

  DESCRIPTION	

ADOPTED BUDGET

PRORATED BUDGET THRU 02/29/20

ACTUAL THRU 02/29/20

VARIANCE

Revenues

Interest Income	$0	$0	$3,356	$3,356	
	TOTAL REVENUES	 	$0 		 	$0 		 	$3,356 		 	$3,356 	
Expenditures									
Improvements		$0		$0		$8,762,483		($8,762,483)	
Cost of Issuance		$0		$0		$474,507		($474,507)	
	TOTAL EXPENDITURES	 	$0 		 	$0 		 	$9,236,990 		 	($9,236,990) 	

Excess (deficiency) of revenues					
over (under) expenditures	 	$0 	 	$0 	 	($9,233,634) 	 	($9,233,634) 	
Other Financing Sources/(Uses):					
Bond Proceeds	$0	$0	$10,076,217	$10,076,217	
lnterfund Transfer In	$0	$0	$1,200	$1,200	

Total Other Financing	

Sources/(Uses):	 	$0	 	$0	$10,077,417	$10,077,417	

Net change in Fund Balance		$0	$0	$843,783	$843,783	

FUND BALANCE - Beginning		
$0		
($2,610)		
FUND BALANCE - Ending		$0		$841,173		

Campo Bello
COMMUNITY  DEVELOPMENT DISTRICT

Bond Issue:		Series 2019 Special Assessment Bonds	
Original Issue Amount:		$10,450,000	
Term 1:		$1,050,000.00	
Interest Rate:		3.25%	
Maturity Date:		December 15, 2024	
Term 2:		$1,515,000.00	
Interest Rate:		3.50%	
Maturity Date:		December 15, 2030	
Term 3:		$3,015,000.00	
Interest Rate:		4.00%	
Maturity Date:		December 15, 2039	
Term 24:		$4,870,000.00	
Interest Rate:		4.00%	
Maturity Date:		December 15, 2049	
Reserve Fund Requirement:		$301,100.00	
		50% of MADS	
Bonds outstanding	
10/31/19	$10,450,000	
Less:		$0	
		$0	
Current Bonds Outstanding:		$10,450,000