Bridgewalk Community Development District

Agenda May 1, 2023

AGENDA

Bridgewalk
Community Development District

219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

April 24, 2023

Board of Supervisors Bridgewalk Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Bridgewalk Community Development District will be held Monday, May 1, 2023 at 1:30 p.m. at the Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, FL 33896. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Approval of Minutes of the March 6, 2023 Meeting
Consideration of Proposal from AMTEC to Provide Arbitrage Rebate Calculation Services for Series 2022 Bonds
Consideration of Resolution 2023-04 Approving the Proposed Fiscal Year 2024 Budget and Setting a Public Hearing
Consideration of Request for Transfer of Environmental Resource Permit
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Designation of November 7, 2023 as Landowners’ Meeting Date
Other Business
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Supervisor’s Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,

George S. Flint District Manager

Cc:	Jan Carpenter, District Counsel Broc Althafer, District Engineer

Enclosures

MINUTES

MINUTES OF MEETING BRIDGEWALK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Bridgewalk Community Development District was held Monday, March 6, 2023 at 1:30 p.m. at the Oasis Club at ChampionsGate at 1520 Oasis Club Blvd., ChampionsGate, Florida.

Present and constituting a quorum were:

Adam Morgan	Chairman
Rob Bonin	Vice Chairman
Brent Kewley	Assistant Secretary
Lane Register joined late	Assistant Secretary
Juan Vasquez	Assistant Secretary

Also present were:

George Flint	District Manager
Kristen Trucco	District Counsel
Alan Scheerer	Field Manager
Broc Althafer	District Engineer

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. We have four Board members here and we have a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Flint: We do not have any members of the public to provide public comment.

THIRD ORDER OF BUSINESS	Approval of Minutes of the November 7,
2022 Meeting
Mr. Flint: Approval of your November 7, 2022 minutes, were there any comments or corrections?
Mr. Morgan: They all look appropriate.

March 6, 2023	Bridgewalk CDD

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Minutes of the November 7, 2022 Meeting, were approved as presented.

FOURTH ORDER OF BUSINESS	Ratification of Data Sharing and Usage
Agreement	with	the	Osceola	County Property Appraiser
*Mr. Register joined the meeting at this time.
Mr. Flint: We are on item four which is ratification of the Data Sharing and Usage Agreement with Osceola County.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Data Sharing and Usage Agreement with the Osceola County Property Appraiser, was ratified.

FIFTH ORDER OF BUSINESS	Ratification	of	Lighting	Service
Modification for Bridgewalk Phase 1 with Orlando Utilities Commission (OUC)
Mr. Flint: I think these are the additional lights in the alleyways. Mr. Morgan: This has already been approved by Juan, right?
Mr. Flint: Yes, this has been signed and we are just asking the Board to ratify it.

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Lighting Service Modification for Bridgewalk Phase 1 with OUC, was ratified.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Flint: Staff reports, Kristen anything?
Ms. Trucco: No, I have no new updates for the Board.

Engineer
Mr. Flint: Broc, any Engineer’s Report?
Mr. Althafer: No, I have nothing to report at this time.
Mr. Register: Actually, for Broc really quick about a subsequent item that is on the agenda.
Have we converted the stormwater pond to operation with South Florida?

March 6, 2023	Bridgewalk CDD

Mr. Flint: Broc, Lane is asking if the water management permit has been transferred to the CDD for purposes of the operating entity.
Mr. Althafer: I do not know the answer to that right this second but I will get back with
you.
Mr. Flint: I don’t think so because normally I would see that but it could happen without
me seeing it.
Mr. Register: Broc, the water use permit related to the stormwater irrigation system, presumably that has nothing transferred to District because Toho was asking for it. We just need to make sure that transfer happens to Toho if it has not happened already. If it has already gone to the District it needs to be the District to go to Toho.
Mr. Bonin: Whose name is it currently in?
Mr. Register: I am speculating that we have not transferred out of Lennar or Stanpac. Mr. Bonin: It’s the original consumptive use or water use?
Mr. Register: Yes, water use permit.
Mr. Bonin: This is the water management. Mr. Register: Yes, South Florida.
Mr. Bonin: You think it is in Stanpac’s name? Broc you are obviously familiar with this
right?
Mr. Althafer: I am, yes. I do not have those documents in front of me right this moment so
I do not have all of the details.
Mr. Bonin: Were you on Tach and John’s email this morning? Mr. Althafer: I did not receive an email this morning, no.
Mr. Register: I think it is still in Stanpac’s name. I doubt it has been transferred to the District.
Mr. Flint: Is Toho going to operate the pump station? Mr. Morgan: Correct, that is my understanding.
Mr. Register: That is what made me think about it today was seeing this water use permit question come in but it is still something to think about specifically the stormwater pond conversion operation so Broc we just need to check on both of those items.
Mr. Althafer: Okay.
Mr. Scheerer: Is Toho going to manage the building too?

March 6, 2023	Bridgewalk CDD

Mr. Bonin: Yes.
Mr. Scheerer: We don’t have anything to worry about with the pump station and or the building itself.
Mr. Bonin: Right. We have an agreement that we are working through that we are going to split the cost of the construction and then they will own and operate it like a web station essentially.
Mr. Scheerer: Perfect.

District Manager’s Report
Approval of Check Register
Mr. Flint: You have the check register for January 31st through February 27th. Any questions?

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the Check Register, was approved.

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financials through the end of January. If there are any questions, we can discuss those. There is no action required.

SEVENTH ORDER OF BUSINESS	Other Business
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Mr. Flint: We have the standing plat conveyances and permit transfer items. Anything else we need to talk about in that regard?
Mr. Kewley: Talk about the lift station conveyance but they are still at the same stage right now. It is not fully built.
Ms. Trucco: It is not fully built.
Mr. Kewley: Talking about 2A and 2B or 2HB whatever, so have we at least prepped the documents to send to Toho?
Ms. Trucco: Yes, and the Board has approved the conveyance by a resolution. The title has been ordered too but if it is close to completion, we will send the documents to Toho now. Start the review or how far out?

March 6, 2023	Bridgewalk CDD

Mr. Kewley: We needed to send them like two months ago. Look how long it took us to get through Storey Creek, that took us six months from the time they submitted it to the time it was recorded.
Ms. Trucco: These are based on that so hopefully it will not take that long. I will send them over today.
Mr. Kewley: Get them reviewed. They are going to come back with comments. When are you expecting the lift station startup?
Mr. Vasquez: Around that timeframe.
Ms. Trucco: Okay, alright July you will have it surveyed.
Mr. Vasquez: I should have it before then. There are a couple of parts that we are waiting on right now.
Ms. Trucco: Okay.
Mr. Kewley: So, you are doing the survey?
Ms. Trucco: Yes, that is Toho’s requirement. They require the survey.
Mr. Kewley: We should be able to get the survey now. I don’t know what the specific survey requirements are.
Ms. Trucco: I have a note here that the survey order was placed. I think it needs to be completed is my understanding before the survey is done so they want to see the fence around the tract.
Mr. Vasquez: There is a top off the lift station now that we are still missing. There are a few components. I would give it another month or so before they can begin.
Ms. Trucco: I will get the approval from Toho and the documents and we will get them executed. They will just sit, then we will survey and then be done.
Mr. Kewley: And if Toho says hey you are missing you know the final commitment in the survey, you know those are the two checked items that we have to argue on the language.
Ms. Trucco: Absolutely, yeah definitely. I totally agree.
Mr. Bonin: Do we have anything to convey for 1B and 2B contracts? Ms. Trucco: Everything in 1A is a big debate already.
Mr. Register: What did you just say about the lift station?
Mr. Kewley: About getting the conveyance documents in Toho’s hands to start reviewing
them.

March 6, 2023	Bridgewalk CDD

Mr. Bonin: Because we got them to agree that they can receive them even if the lift station is not ready at least start reviewing them.
Ms. Trucco: Okay, this is literally their form of document that now they have approved a couple of times so we have not changed them at all.
Mr. Bonin: Right but usually, you are waiting for the latter of both to occur, the platting and the completion of the startup and everything. In this case we have got the plat but not the startup and same thing in my tracdex for ChampionsGate, we have got the plat but need the startup. But typically, we waited for both to occur to turn it in but we got to turn it in.
Ms. Trucco: Okay.
Mr. Kewley: Yeah, they have acknowledged that they are taking way too long and that is what part of the issue.
Ms. Trucco: It will be over there today. I will copy you guys on emails so you aware of the
status.

EIGHTH ORDER OF BUSINESS	Supervisor’s Requests
Anything else the Board wants to discuss that was not on the agenda? Hearing none,

NINTH ORDER OF BUSINESS	Adjournment
Mr. Flint: Is there a motion to adjourn?

On MOTION by Mr. Morgan, seconded by Mr. Kewley, with all in favor, the meeting was adjourned at 1:42 p.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

SECTION IV

Arbitrage Rebate Computation Proposal For
Bridgewalk Community Development District
(Osceola County, Florida)
$4,440,000 Special Assessment Bonds Series 2022
(Assessment Area One Project)

April 21, 2023

Bridgewalk Community Development District c/o Ms. Teresa Viscarra
Government Management Services – CF, LLC 1408 Hamlin Avenue, Unit E
St. Cloud, FL 34771

Re:		$4,440,000 Bridgewalk Community Development District (Osceola County, Florida), Special Assessment Bonds, Series 2022 (Assessment Area One Project)

Dear Ms. Viscarra:

AMTEC is an independent consulting firm that specializes in arbitrage rebate calculations. We have the ability to complete rebate computations for the above-referenced Bridgewalk Community Development District (the “District”) Series 2022 bond issue (the “Bonds”). We do not sell investments or seek an underwriting role. As a result of our specialization, we offer very competitive pricing for rebate computations. Our typical fee averages less than $1,000 per year, per issue and includes up to five years of annual rebate liability reporting.

Firm History

AMTEC was incorporated in 1990 and maintains a prominent client base of colleges and universities, school districts, hospitals, cities, state agencies and small-town bond issuers throughout the United States. We currently compute rebate for more than 7,200 bond issues and have delivered thousands of rebate reports. The IRS has never challenged our findings.

Southeast Client Base

We provide arbitrage rebate services to over 400 bond issues aggregating more than $10 billion of tax- exempt debt in the southeastern United States. We have recently performed computations for the Magnolia West, East Park, Palm Coast Park and Town Center at Palm Coast Park Community Development Districts. Additionally, we are exclusive rebate consultant to the Town of Palm Beach and Broward County in Florida. Nationally, we are rebate consultants for the City of Tulsa (OK), the City of Lubbock (TX) and the States of Connecticut, New Jersey, Montana, Mississippi, Vermont, West Virginia and Alaska.

We have prepared a Proposal for the computation of arbitrage for the District’s Bonds. We have established a "bond year end" of February 22nd, based upon the anniversary of the closing date of the Bonds in February 2022.

Proposal

We are proposing rebate computation services based on the following:

$4,440,000 Series 2022 (Assessment Area One Project) Bonds;
Fixed Rate Issue; and
Project, Debt Service Reserve, Cost of Issuance & Debt Service Accounts.

Should the Tax Agreement require rebate computations for any other accounts, computations will be extended to include those accounts at no additional cost to the District.

Our guaranteed fee for rebate computations for the Series 2022 Bonds is $450 per year and will encompass all activity from February 22, 2022, the date of the closing, through February 22, 2022, the end of the 5th Bond Year and initial Computation Date. The fee is based upon the size as well as the complexity. Our fee is payable upon your acceptance of our rebate reports, which will be delivered shortly after the report dates specified in the following table.

AMTEC's Professional Fee – $4,440,000 Series 2022 (Assessment Area One Project) Bonds

Report Date	Type of Report	Period Covered	Fee	
April 30, 2023	Rebate and Opinion	Closing – February 28, 2023	$ 450	
February 28, 2024	Rebate and Opinion	Closing – February 28, 2024	450	
February 28, 2025	Rebate and Opinion	Closing – February 28, 2025	450	
February 28, 2026	Rebate and Opinion	Closing – February 28, 2026	450	
February 22, 2027	Rebate and Opinion	Closing – February 22, 2027	450	

In order to begin, we are requesting copies of the following documentation:

Arbitrage Certificate or Tax Regulatory Agreement
IRS Form 8038-G
Closing Memorandum
US Bank statements for all accounts from February 22, 2022, the date of the closing, through each report date.

AMTEC's Scope of Services

Our standard engagement includes the following services:
Review of all bond documents and account statements for possible rebate exceptions;
Computation of the rebate liability and/or the yield restricted amount, in accordance with Section 148 of the Internal Revenue Code, commencing with the date of the closing through required reporting date of the Bonds;
Independent calculation of the yield on the Bonds to ensure the correct basis for any rebate liability. This effort provides the basis for our unqualified opinion;
Reconciliation of the sources and uses of funds from the bond documentation;

Calculation and analysis of the yield on all investments, subject to the Regulations, for each computation period;
Production of rebate reports, indicating the above stated information, and the issuance of the AMTEC Opinion;
Recommendations for proactive rebate management;
Commingled funds, transferred proceeds and yield restriction analyses, if necessary;
Preparation of IRS Form 8038-T and any accompanying documentation, should a rebate payment be required;
We will discuss the results of our Reports with you, your auditors, and our continued support in the event of an IRS inquiry; and
We guarantee the completeness and accuracy of our work.

The District agrees to furnish AMTEC with the required documentation necessary to fulfill its obligation under the scope of services. The District will make available staff knowledgeable about the bond transactions, investments and disbursements of bond proceeds.

The District agrees to pay AMTEC its fee after it has been satisfied that the scope of services, as outlined under the Proposal, has been fulfilled. AMTEC agrees that its fee is all-inclusive and that it will not charge the District for any expenses connected with this engagement.

The parties have executed this Agreement on 	, 2023.

Bridgewalk
Community Development District

Consultant: American Municipal Tax-Exempt Compliance Corporation

By:	By:	Michael J. Scarfo
Senior Vice President

SECTION V

RESOLUTION 2023-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE BRIDGEWALK COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2023/2024 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Bridgewalk Community Development District (“District”) prior to June 15, 2023, a proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”); and

WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE BRIDGEWALK COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2023/2024 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:

DATE:	August 7, 2023

HOUR:	1:30 p.m.

LOCATION:	Oasis Club at ChampionsGate
1520 Oasis Club Blvd. ChampionsGate, FL 33896

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Osceola County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.

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.

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

PASSED AND ADOPTED THIS 1ST DAY OF MAY, 2023.

ATTEST:	BRIDGEWALK	COMMUNITY DEVELOPMENT DISTRICT

By:	

Secretary/Assistant Secretary	Its:	

Bridgewalk Community Development District

Proposed Budget
FY 2024

Table of Contents

1-2

3-7

8

9

	General Fund

	General Fund Narrative

	Debt Service Fund Series 2022

	Amortization Schedule Series 2022

Bridgewalk
Community Development District

Fiscal Year 2024 General Fund

	Adopted
Budget	Actual
Thru	Projected
Next 6	Total
Thru	Proposed
Budget	
	FY2023	3/31/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$194,313	$192,766	$1,758	$194,524	$500,790	
Developer Contributions	$136,008	$21,856	$114,152	$136,008	$0	
Total Revenues	$330,321	$214,622	$115,910	$330,532	$500,790	

Expenditures						
Administrative
Supervisor Fees	
$12,000	
$3,000	
$5,000	
$8,000	
$12,000	
FICA Expense	$918	$230	$383	$612	$918	
Engineering	$9,500	$0	$4,750	$4,750	$9,500	
Attorney	$25,000	$1,255	$11,245	$12,500	$25,000	
Arbitrage	$0	$0	$450	$450	$900	
Dissemination	$3,500	$1,750	$1,750	$3,500	$7,000	
Annual Audit	$5,000	$0	$2,800	$2,800	$4,400	
Trustee Fees	$4,500	$4,041	$0	$4,041	$8,100	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,300	
Management Fees	$36,750	$18,375	$18,375	$36,750	$38,955	
Information Technology	$1,300	$650	$650	$1,300	$1,800	
Website Maintenance	$800	$400	$400	$800	$1,200	
Telephone	$300	$0	$50	$50	$300	
Postage	$1,000	$208	$292	$500	$1,000	
Printing & Binding	$1,000	$32	$218	$250	$1,000	
Insurance	$5,625	$5,375	$0	$5,375	$6,200	
Legal Advertising	$2,500	$0	$2,500	$2,500	$2,500	
Other Current Charges	$600	$35	$240	$275	$600	
Office Supplies	$625	$2	$73	$75	$625	
Property Appaiser	$0	$347	$0	$347	$400	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$116,093	$40,873	$49,176	$90,049	$127,873	

Bridgewalk
Community Development District

Fiscal Year 2024 General Fund

	Adopted
Budget	Actual
Thru	Projected
Next 6	Total
Thru	Proposed
Budget	
	FY2023	3/31/23	Months	9/30/23	FY2024	

Operations & Maintenance						
Field Services	$15,000	$7,500	$7,500	$15,000	$15,900	
Property Insurance	$2,500	$1,053	$0	$1,053	$7,500	
Electric	$2,400	$214	$300	$514	$2,400	
Streetlights	$76,356	$0	$35,400	$35,400	$157,123	
Water & Sewer	$15,000	$4,810	$10,250	$15,060	$25,000	
Landscape Maintenance	$91,820	$22,522	$36,522	$59,044	$117,824	
Landscape Contingency	$2,500	$780	$470	$1,250	$2,500	
Irrigation Repairs	$2,500	$0	$1,250	$1,250	$2,500	
Lake Maintenance	$1,152	$0	$288	$288	$1,152	
Contingency	$2,500	$0	$1,250	$1,250	$2,500	
Repairs & Maintenance	$2,500	$0	$1,250	$1,250	$2,500	
Capital Outlay	$0	$0	$0	$0	$36,018	
Total Operations & Maintenance	$214,228	$36,878	$94,480	$131,358	$372,917	
						
Total Expenditures	$330,321	$77,752	$143,656	$221,407	$500,790	
						
Excess Revenues/(Expenditures)	$0	$136,870	($27,746)	$109,124	$0	
				
Net Assessment	
$500,790	
Collection Cost (6%) 		$31,965  Gross Assessment 	$532,755 

Property Type	Units	Gross Per Unit	Gross Total	
Townhome 25'	117	$560.21	$65,545	
Single Family 40'	88	$896.33	$78,877	
Single Family 50'	211	$1,120.41	$236,407	
Single Family 60'	113	$1,344.49	$151,927	
Total	529		$532,755	

Bridgewalk
Community Development District
GENERAL FUND BUDGET

REVENUES:

Special Assessments

The District will levy a non-ad valorem special assessment on all the assessable property within the District in order to pay for the operating expenditures during the fiscal year.

Developer Contributions

The District will enter into a funding agreement with the developer to fund the general fund expenditures for the fiscal year.

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings. Amount is based on 5 supervisors attending 12 meetings during the fiscal year.

FICA Expense

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

Engineering

The District's engineer, Osceola Engineering, Inc., will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, preparation and review of contract specifications and bid documents and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Latham, Luna. Eden & Beaudine, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions and other research as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2022 Special Assessment Bonds, Assessment Area One. The District will contract with AMTEC Corporation for this service. District anticipates a second bond issuance.

Bridgewalk
Community Development District
GENERAL FUND BUDGET

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2- 12(b)(5) which relates to additional reporting requirements for unrated bond issues. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on the Series 2022 Special Assessment Bonds, Assessment Area One Project. District anticipates a second bond issuance.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Trustee Fees

The District will pay annual trustee fees for the Series 2022 Special Assessment Bonds, Assessment Area One Project that are located with a trustee at USBank. District anticipates a second bond issuance.

Assessment Administration

The District will contract with Governmental Management Services-Central Florida, LLC to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, budget preparation, all financial reporting, annual audit, etc.

Information Technology

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statues. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

Telephone

Telephone and fax machine.

Bridgewalk
Community Development District
GENERAL FUND BUDGET

Postage

Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding

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

Insurance

The District’s general liability and public officials liability insurance coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, 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.

Property Appraiser

Represents a fee charged by Osceola County Property Appraiser’s office for assessment administration services.

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.

Operations & Maintenance:

Field Services

Provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Bridgewalk
Community Development District
GENERAL FUND BUDGET

Electric

Represents cost of electric services for items such as entrance lights, irrigation, etc. District currently has one account with Orlando Utilities Commission.

Account #	Description	Monthly	Annual	
02130 28116

Total	56791 Cyrils Drive
Contingency - (Future Accounts)	$50	$600
	$1,800 
$2,400	

Streetlights

Represents costs for streetlights maintained with the District. The District will have one account containing 118 streetlights come on line during current fiscal year with Orlando Utilities Commission.

Account #	Description	Monthly	Annual	
TBD	81 - 20' Streetlights & 37 - 27" Streetlights	$5,900	$70,800	
TBD	Phase 2A/B - Streetlights	$1,570	$18,841	
TBD	Phase 2C - Streetlights	$5,000	$60,000	
	Contingency			$7,482 	
Total			$157,123	

Water & Sewer

Represents estimated costs for reclaimed water for areas maintained by the District.

Account #	Description	Monthly	Annual	
002702083-033330659	2900 Addison Boulevard Odd	$800	$9,600	
002702083-033330709	3100 Addison Boulevard Even	$300	$3,600	
TBD	5600 Quiet Palm Loop Even	$50	$600	
	Contingency (2 Future Accounts)			$11,200 	
Total			$25,000	

Bridgewalk
Community Development District
GENERAL FUND BUDGET

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District. These services include mowing, edging weed-eating, shrub pruning, tree pruning, etc. The budgeted amount are based on proposals with United Land Services. Phase 1A landscaping was initiated during current fiscal year.

Description	Monthly	Annual	
Landscape Maintenance			
Phase 1A			
October 2023 - December 2023	$6,087	$24,348	
January 2024 - September 2024	$6,271	$50,168	
Phase 1B	$1,442	$17,304	
Phase 2C	$2,167		$26,004 	
Total		$117,824	

Landscape Contingency

Represents costs for installation of annuals, mulch and any other landscape expenses not covered under monthly landscape contract.

Irrigation Repairs

Represents estimated costs for any supplies and repairs to irrigation system maintained by the District.

Lake Maintenance

Represents costs for maintenance of pond located within the District. The budgeted amount is based on proposal with Applied Aquatic Management, Inc.

Description	Quarterly	Annual	
Pond Maintenance
North, South & East Shoreline
Total	
$288	
$1,152	
		$1,152	

Contingency

Represents any additional field expense that may not have been provided for in the budget.

Repairs & Maintenance

Represents estimated costs for any repairs and maintenance to common areas maintained by the District.

Capital Outlay

Represents costs for capital outlay related expenses.

Bridgewalk
Community Development District

Fiscal Year 2024 Debt Service Fund

	Proposed
Budget	Actual
Thru	Projected
Next 6	Total
Thru	Proposed
Budget	
	FY2023	3/31/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$246,900	$244,933	$2,234	$247,167	$246,900	
Interest	$0	$4,387	$3,113	$7,500	$5,000	
Carry Forward Surplus	$77,236	$77,230	$0	$77,230	$84,271	
Total Revenues	$324,136	$326,550	$5,347	$331,897	$336,171	

Expenditures						
Interest Expense - 12/15	$77,219	$77,219	$0	$77,219	$76,094	
Principal Expense 06/15	$90,000	$0	$90,000	$90,000	$95,000	
Interest Expense - 06/15	$77,219	$0	$77,219	$77,219	$76,094	
Transfer Out	$0	$1,866	$1,323	$3,189	$0	
Total Expenditures	$244,438	$79,084	$168,542	$247,626	$247,188	
						
Excess Revenues/(Expenditures)	$79,699	$247,466	($163,195)	$84,271	$88,984	

Interest - 12/15/2024 	$74,906 
Total 	$74,906 

Net Assessment		$246,900 Collection Cost (6%) 			$15,760  Gross Assessment 	$262,660 

Property Type	Units	Gross Per Unit	Gross Total	
Townhome 25'	117	$711.81	$83,282	
Single Family 40'	54	$1,138.90	$61,501	
Single Family 50'	48	$1,423.63	$68,334	
Single Family 60'	29	$1,708.35	$49,542	
Total	248		$262,659	

Bridgewalk
Series 2022, Special Assessment Bonds Assessment Area One Project
(Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

6/15/23
12/15/23
6/15/24
12/15/24
6/15/25
12/15/25
6/15/26
12/15/26
6/15/27
12/15/27
6/15/28
12/15/28
6/15/29
12/15/29
6/15/30
12/15/30
6/15/31
12/15/31
6/15/32
12/15/32
6/15/33
12/15/33
6/15/34
12/15/34
6/15/35
12/15/35
6/15/36
12/15/36
6/15/37
12/15/37
6/15/38
12/15/38
6/15/39
12/15/39
6/15/40
12/15/40
6/15/41
12/15/41
6/15/42
12/15/42
6/15/43
12/15/43
6/15/44
12/15/44
6/15/45
12/15/45
6/15/46
12/15/46
6/15/47
12/15/47
6/15/48
12/15/48
6/15/49
12/15/49
6/15/50
12/15/50
6/15/51
12/15/51
6/15/52

$ 4,440,000
$ 4,350,000
$ 4,350,000
$ 4,255,000
$ 4,255,000
$ 4,160,000
$ 4,160,000
$ 4,060,000
$ 4,060,000
$ 3,960,000
$ 3,960,000
$ 3,855,000
$ 3,855,000
$ 3,750,000
$ 3,750,000
$ 3,640,000
$ 3,640,000
$ 3,525,000
$ 3,525,000
$ 3,410,000
$ 3,410,000
$ 3,290,000
$ 3,290,000
$ 3,165,000
$ 3,165,000
$ 3,035,000
$ 3,035,000
$ 2,900,000
$ 2,900,000
$ 2,765,000
$ 2,765,000
$ 2,625,000
$ 2,625,000
$ 2,480,000
$ 2,480,000
$ 2,330,000
$ 2,330,000
$ 2,175,000
$ 2,175,000
$ 2,015,000
$ 2,015,000
$ 1,850,000
$ 1,850,000
$ 1,675,000
$ 1,675,000
$ 1,495,000
$ 1,495,000
$ 1,305,000
$ 1,305,000
$ 1,110,000
$ 1,110,000
$	905,000
$	905,000
$	690,000
$	690,000
$	470,000
$	470,000
$	240,000
$	240,000

$	90,000
$	-
$	95,000
$	-
$	95,000
$	-
$	100,000
$	-
$	100,000
$	-
$	105,000
$	-
$	105,000
$	-
$	110,000
$	-
$	115,000
$	-
$	115,000
$	-
$	120,000
$	-
$	125,000
$	-
$	130,000
$	-
$	135,000
$	-
$	135,000
$	-
$	140,000
$	-
$	145,000
$	-
$	150,000
$	-
$	155,000
$	-
$	160,000
$	-
$	165,000
$	-
$	175,000
$	-
$	180,000
$	-
$	190,000
$	-
$	195,000
$	-
$	205,000
$	-
$	215,000
$	-
$	220,000
$	-
$	230,000
$	-
$	240,000

- 243,312.50

$	77,218.75	$	
$	76,093.75	$	
$	76,093.75	$	
$	74,906.25	$	
$	74,906.25	$	
$	73,718.75	$	
$	73,718.75	$	
$	72,468.75	$	
$	72,468.75	$	
$	71,218.75	$	
$	71,218.75	$	
$	69,643.75	$	
$	69,643.75	$	
$	68,068.75	$	
$	68,068.75	$	
$	66,418.75	$	
$	66,418.75	$	
$	64,693.75	$	
$	64,693.75	$	
$	62,968.75	$	
$	62,968.75	$	
$	61,018.75	$	
$	61,018.75	$	
$	58,987.50	$	
$	58,987.50	$	
$	56,875.00	$	
$	56,875.00	$	
$	54,681.25	$	
$	54,681.25	$	
$	52,487.50	$	
$	52,487.50	$	
$	50,212.50	$	
$	50,212.50	$	
$	47,856.25	$	
$	47,856.25	$	
$	45,418.75	$	
$	45,418.75	$	
$	42,900.00	$	
$	42,900.00	$	
$	40,300.00	$	
$	40,300.00	$	
$	37,000.00	$	
$	37,000.00	$	
$	33,500.00	$	
$	33,500.00	$	
$	29,900.00	$	
$	29,900.00	$	
$	26,100.00	$	
$	26,100.00	$	
$	22,200.00	$	
$	22,200.00	$	
$	18,100.00	$	
$	18,100.00	$	
$	13,800.00	$	
$	13,800.00	$	
$	9,400.00	$	
$	9,400.00	$	
$	4,800.00	$	
$	4,800.00	$	

- 246,000.00
- 243,625.00
- 246,187.50
- 243,687.50
- 245,862.50
- 242,712.50
- 244,487.50
- 246,112.50
- 242,662.50
- 243,987.50
- 245,006.25
- 245,862.50
- 246,556.25
- 242,168.75
- 242,700.00
- 243,068.75
- 243,275.00
- 243,318.75
- 243,200.00
- 242,300.00
- 245,500.00
- 243,400.00
- 246,000.00
- 243,300.00
- 245,300.00
- 246,900.00
- 243,200.00
- 244,200.00
244,800.00

Totals	$	4,440,000  $  2,888,693.75  $  7,328,693.75

SECTION VI

Request for Transfer of Environmental Resource Permit
	to the Perpetual Operation and Maintenance Entity	

Instructions: Complete this form to transfer to the permit to the operation and maintenance entity. This form can be completed concurrently with, or within 30 days of approval of, the As-Built Certification and Request for Conversion to Operation Phase (Form 62-330.310(1)). Please include all documentation required under Section 12.2.1(b) of Applicant’s Handbook Volume I (see checklist below). Failure to submit the appropriate final documents will result in the permittee remaining liable for operation and maintenance of the permitted activities.

Permit No.: 49-103743-P	Application No(s): 220216-33223 & 200701-3799 Project Name: Bridgewalk	Phase (if applicable):

Request to Transfer: The permittee requests that the permit be transferred to the legal entity responsible for operation and maintenance (O&M).

By: 			
Signature of Permittee	Name and Title
_Standard Pacific of Florida 		  6675 Westwood Blvd.	
Company Name	Company Address
_ Orlando, FL 32821	

Phone/email address	City, State, Zip

Agreement for System Operation and Maintenance Responsibility: The below-named legal entity agrees to operate and maintain the works or activities in compliance with all permit conditions and provisions of Chapter 62-330, Florida Administrative Code (F.A.C.) and Applicant’s Handbook Volumes I and II.

The operation and maintenance entity does not need to sign this form if it is the same entity that was approved for operation and maintenance in the issued permit.

Authorization for any proposed modification to the permitted activities shall be applied for and obtained prior to conducting such modification.

By:			Bridgewalk Community Development District
Signature of Representative of O&M Entity	Name of Entity for O&M
219 East Livingston Street	

Name and Title	Address
_Orlando, FL 32801	
Email Address	City, State, Zip

Phone	Date

Enclosed are the following documents, as applicable:
Copy of recorded transfer of title to the operating entity for the common areas on which the stormwater management system is located (unless dedicated by plat)
Copy of all recorded plats
Copy of recorded declaration of covenants and restrictions, amendments, and associated exhibits Copy of filed articles of incorporation (if filed before 1995)

Form 62-330.310(2) – Request for Transfer of Environmental Resource Permit to the Perpetual Operation Entity
Incorporated by reference in paragraph 62-330.310(4)(a), F.A.C. (June 1, 2018)	Page 1 of 1

A Completed documentation that the operating entity meets the requirements of Section 12.3 of Environmental Resource Permit Applicant’s Handbook Volume I. (Note: this is optional, but aids in processing of this request)

Form 62-330.310(2) – Request for Transfer of Environmental Resource Permit to the Perpetual Operation Entity
Incorporated by reference in paragraph 62-330.310(4)(a), F.A.C. (June 1, 2018)	Page 2 of 2

Section VII

SECTION C

SECTION 1

Bridgewalk
Community Development District
Summary of Checks

February 28, 2023 to April 24, 2023

Bank	Date	Check #	Amount	
General Fund	3/8/23	75	$	4,788.34	
	3/15/23	76-77	$	2,710.43	
	3/22/02	78	$	347.14	
	3/29/23	79	$	780.00	
	4/5/23	80	$	4,040.63	
	4/12/23	81	$	4,825.88	
	4/19/23	82	$	18,261.00	
			$	35,753.42	
Payroll Fund	March 2023 Adam Morgan	
50044	
$	184.70	
	Brent Kewley	50045	$	184.70	
	D. Lane Register	50046	$	184.70	
	Juan Vasquez Dickson	50047	$	184.70	
	Patrick Bonin Jr.	50048	$	184.70	
			$	923.50	
			$	36,676.92	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/23	PAGE	1
*** CHECK DATES 02/28/2023 - 04/24/2023 ***	BRIDGEWALK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

3/08/23 00001	3/01/23	
	3/01/23	
	3/01/23	
	3/01/23	
	3/01/23	
	3/01/23	
	3/01/23	

	*	3,062.50		
	*	66.67			
	*	108.33			
	*	291.67			
		*	.03			

27	202303 310-51300-34000
MANAGEMENT FEES MAR23
27	202303 310-51300-35200
WEBSITE ADMIN MAR23
27	202303 310-51300-35100
INFORMATION TECH MAR23
27	202303 310-51300-31300
DISSEMINATION FEE MAR23
27	202303 310-51300-51000

202303 310-51300-42000	*	9.14	
202303 320-53800-12000	*	1,250.00	

OFFICE SUPPLIES 27
POSTAGE 28
FIELD MANAGEMENT MAR23
GOVERNMENTAL MANAGEMENT SERVICES	4,788.34 000075
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/23 00012	3/10/23 03102023 202303 300-20700-10000	*	1,657.43
FY23 SPCL SRVC SER2022
BRIDGEWALK CDD C/O USBANK	1,657.43 000076
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/15/23 00004	3/09/23 18039	202210 320-53800-45000	*	1,053.00
ADD.PROPERTY COVER FY23
EGIS INSURANCE & RISK ADVISORS	1,053.00 000077
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/22/23 00014	3/14/23 2018690	202303 310-51300-49200	*	347.14
2022 TAX ROLL ADMIN FEE
OSCEOLA COUNTY PROPERTY APPRAISER	347.14 000078
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/23 00008 10/25/22 ULS-3632 202210 320-53800-46300	*	780.00
HURRICANE-REPLNT TREE/STK
FLORIDA ULS OPERATING LLC DBA	780.00 000079
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/05/23 00015	3/24/23 6867816	202303 310-51300-32300	*	3,750.00
TRUSTEE FEES-SER.2022
3/24/23 6867816	202303 310-51300-32300	*	290.63
INCIDENTAL EXPENSES
USBANK	4,040.63 000080
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/12/23 00001	4/01/23 29	202304 310-51300-34000	*	3,062.50
MANAGEMENT FEES APR23
4/01/23 29	202304 310-51300-35200	*	66.67
WEBSITE ADMIN APR23
4/01/23 29	202304 310-51300-35100	*	108.33
INFORMATION TECH APR23
4/01/23 29	202304 310-51300-31300	*	291.67
DISSEMINATION FEE APR23
BWLK BRIDGEWALK	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/24/23	PAGE	2
*** CHECK DATES 02/28/2023 - 04/24/2023 ***	BRIDGEWALK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/01/23 29	202304 310-51300-51000	*	.15
OFFICE SUPPLIES
4/01/23 29	202304 310-51300-42000	*	19.56
POSTAGE
4/01/23 29	202304 310-51300-42500	*	27.00
COPIES
4/01/23 30	202304 320-53800-12000	*	1,250.00
FIELD MANAGEMENT APR23
GOVERNMENTAL MANAGEMENT SERVICES	4,825.88 000081
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00008	2/23/23 15992	202302 320-53800-46200	*	6,087.00
MTHLY LANDSCAPE MNT FEB23
3/16/23 18725	202303 320-53800-46200	*	6,087.00
MTHLY LANDSCAPE MNT MAR23
4/01/23 21892	202304 320-53800-46200	*	6,087.00
MTHLY LANDSCAPE MNT APR23
FLORIDA ULS OPERATING LLC DBA	18,261.00 000082
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	35,753.42
TOTAL FOR REGISTER	35,753.42

BWLK BRIDGEWALK	TVISCARRA

Section 2

Bridgewalk
Community Development District

Unaudited Financial Reporting March 31, 2023

TABLE OF CONTENTS

1	BALANCE SHEET

2	GENERAL FUND INCOME STATEMENT

3	DEBT SERVICE FUND SERIES 2022

4	CAPITAL PROJECTS FUND SERIES 2022

5	MONTH TO MONTH

6	DEVELOPER CONTRIBUTION SCHEDULE

7	LONG TERM DEBT SUMMARY

8	FY23 ASSESSMENT RECEIPT SCHEDULE

9	CONSTRUCTION SCHEDULE SERIES 2022

Bridgewalk
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
March 31, 2023

General
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
2023

ASSETS:
CASH	$146,101	---	---	$146,101	
INVESTMENTS SERIES 2022
RESERVE	

---	

$123,450	

---	

$123,450	
REVENUE	---	$247,466	---	$247,466	
CONSTRUCTION	---	---	$20,055	$20,055	
TOTAL ASSETS	$146,101	$370,916	$20,055	$537,072	

LIABILITIES:
ACCOUNTS PAYABLE	
$4,041	
---	
---	
$4,041	
FUND EQUITY:
FUND BALANCES: UNASSIGNED	

$142,060	

---	

---	

$142,060	
RESTRICTED FOR DEBT SERVICE	---	$370,916	---	$370,916	
RESTRICTED FOR CAPITAL PROJECTS	---	---	$20,055	$20,055	
TOTAL LIABILITIES & FUND EQUITY	$146,101	$370,916	$20,055	$537,072	

1

BRIDGEWALK
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues & Expenditures
For The Period Ending March 31, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 3/31/23	ACTUAL
THRU 3/31/23	
VARIANCE	
REVENUES:					
SPECIAL ASSESSMENTS	$194,313	$192,766	$192,766	$0	
DEVELOPER CONTRIBUTIONS	$136,008	$68,004	$21,856	($46,148)	
TOTAL REVENUES	$330,321	$260,770	$214,622	($46,148)	

EXPENDITURES:					
ADMINISTRATIVE:					
SUPERVISORS FEES	$12,000	$6,000	$3,000	$3,000	
FICA EXPENSE	$918	$459	$230	$230	
ENGINEERING	$9,500	$4,750	$0	$4,750	
ATTORNEY	$25,000	$12,500	$1,255	$11,245	
DISSEMINATION	$3,500	$1,750	$1,750	($0)	
ANNUAL AUDIT	$5,000	$0	$0	$0	
TRUSTEE FEES	$4,500	$4,500	$4,041	$459	
ASSESSMENT ADMINISTRATION	$5,000	$5,000	$5,000	$0	
MANAGEMENT FEES	$36,750	$18,375	$18,375	$0	
INFORMATION TECHNOLOGY	$1,300	$650	$650	$0	
WEBSITE MAINTENANCE	$800	$400	$400	($0)	
TELEPHONE	$300	$150	$0	$150	
POSTAGE	$1,000	$500	$208	$292	
INSURANCE	$5,625	$5,625	$5,375	$250	
PRINTING & BINDING	$1,000	$500	$32	$468	
LEGAL ADVERTISING	$2,500	$1,250	$0	$1,250	
OTHER CURRENT CHARGES	$600	$300	$35	$265	
OFFICE SUPPLIES	$625	$313	$2	$311	
PROPERTY APPRAISER	$0	$0	$347	($347)	
DUES, LICENSE & SUBSCRIPTIONS	$175	$175	$175	$0	
FIELD:					
FIELD SERVICES	$15,000	$7,500	$7,500	$0	
PROPERTY INSURANCE	$2,500	$2,500	$1,053	$1,447	
ELECTRIC	$2,400	$1,200	$214	$986	
STREETLIGHTS	$76,356	$38,178	$0	$38,178	
WATER & SEWER	$15,000	$7,500	$4,810	$2,690	
LANDSCAPE MAINTENANCE	$91,820	$45,910	$22,522	$23,388	
LANDSCAPE CONTINGENCY	$2,500	$1,250	$780	$470	
IRRIGATION REPAIRS	$2,500	$1,250	$0	$1,250	
LAKE MAINTENANCE	$1,152	$576	$0	$576	
CONTINGENCY	$2,500	$1,250	$0	$1,250	
REPAIRS & MAINTENANCE	$2,500	$1,250	$0	$1,250	
TOTAL EXPENDITURES	$330,321	$171,561	$77,752	$93,809	
					
EXCESS REVENUES (EXPENDITURES)	$0		$136,870		
					
FUND BALANCE - Beginning	$0		$5,190		
					
FUND BALANCE - Ending	$20		$142,060		

BRIDGEWALK
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
Series 2022
Statement of Revenues & Expenditures
For The Period Ending March 31, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 3/31/23	ACTUAL
THRU 3/31/23	
VARIANCE	
REVENUES:					
SPECIAL ASSESSMENTS	$246,900	$244,933	$244,933	$0	
INTEREST	$0	$0	$4,387	$4,387	
TOTAL REVENUES	$246,900	$244,933	$249,321	$4,387	

EXPENDITURES:					
INTEREST EXPENSE - 12/15	$77,219	$77,219	$77,219	$0	
PRINCIPAL EXPENSE - 6/15	$90,000	$0	$0	$0	
INTEREST EXPENSE - 06/15	$77,219	$0	$0	$0	
TOTAL EXPENDITURES	$244,438	$77,219	$77,219	$0	

OTHER SOURCES/(USES):					
TRANSFER IN/(OUT)	$0	$0	($1,866)	$1,866	
TOTAL SOURCES/(USES)	$0	$0	($1,866)	$1,866	
					
EXCESS REVENUES (EXPENDITURES)	$2,463		$170,236		
					
FUND BALANCE - Beginning	$77,236		$200,680		
					
FUND BALANCE - Ending	$79,699		$370,916		

BRIDGEWALK
COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND
Series 2022
Statement of Revenues & Expenditures
For The Period Ending March 31, 2023

	ADOPTED
BUDGET		PRORATED BUDGET
THRU 3/31/23		ACTUAL
THRU 3/31/23	
VARIANCE	
REVENUES:							
INTEREST		$0		$0	$7,694	$7,694	
TOTAL REVENUES		$0		$0	$7,694	$7,694	

EXPENDITURES:							
ADMINISTRATIVE:

CAPITAL OUTLAY - CONSTRUCTION		

$0		

$0	

$0	

$0	
TOTAL EXPENDITURES		$0		$0	$0	$0	

OTHER SOURCES/(USES):							
TRANSFER IN/(OUT)		$0		$0	$1,866	($1,866)	
TOTAL SOURCES/(USES)		$0		$0	$1,866	($1,866)	
							
EXCESS REVENUES (EXPENDITURES)		$0			$9,559		
							
FUND BALANCE - Beginning		$0			$10,496		
							
FUND BALANCE - Ending		$0			$20,055		

BRIDGEWALK
Community Development District

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

REVENUES:

SPECIAL ASSESSMENTS	$25,698	$13,914	$149,575	$123	$2,152	$1,304	$0	$0	$0	$0	$0	$0	$192,766	
DEVELOPER CONTRIBUTIONS	$21,856	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$21,856	
TOTAL REVENUES	$47,553	$13,914	$149,575	$123	$2,152	$1,304	$0	$0	$0	$0	$0	$0	$214,622	

EXPENDITURES:														
ADMINISTRATIVE:
SUPERVISOR FEES	
$1,000	
$1,000	
$0	
$0	
$0	
$1,000	
$0	
$0	
$0	
$0	
$0	
$0	
$3,000	
FICA EXPENSE	$77	$77	$0	$0	$0	$77	$0	$0	$0	$0	$0	$0	$230	
ENGINEERING	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
ATTORNEY	$589	$666	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1,255	
DISSEMINATION	$292	$292	$292	$292	$292	$292	$0	$0	$0	$0	$0	$0	$1,750	
ANNUAL AUDIT	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TRUSTEE FEES	$0	$0	$0	$0	$0	$4,041	$0	$0	$0	$0	$0	$0	$4,041	
ASSESSMENT ADMINISTRATION	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
MANAGEMENT FEES	$3,063	$3,063	$3,063	$3,063	$3,063	$3,063	$0	$0	$0	$0	$0	$0	$18,375	
INFORMATION TECHNOLOGY	$108	$108	$108	$108	$108	$108	$0	$0	$0	$0	$0	$0	$650	
WEBSITE MAINTENANCE	$67	$67	$67	$67	$67	$67	$0	$0	$0	$0	$0	$0	$400	
TELEPHONE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
POSTAGE	$132	$7	$40	$3	$17	$9	$0	$0	$0	$0	$0	$0	$208	
INSURANCE	$5,375	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,375	
PRINTING & BINDING	$15	$3	$14	$0	$0	$0	$0	$0	$0	$0	$0	$0	$32	
LEGAL ADVERTISING	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
OTHER CURRENT CHARGES	$0	$0	$0	$35	$0	$0	$0	$0	$0	$0	$0	$0	$35	
OFFICE SUPPLIES	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2	
PROPERTY APPRAISER	$0	$0	$0	$0	$0	$347	$0	$0	$0	$0	$0	$0	$347	
DUES, LICENSES & SUBSCRIPTIONS	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	

FIELD:
FIELD SERVICES	

$1,250	

$1,250	

$1,250	

$1,250	

$1,250	

$1,250	

$0	

$0	

$0	

$0	

$0	

$0	

$7,500	
PROPERTY INSURANCE	$0	$0	$0	$0	$1,053	$0	$0	$0	$0	$0	$0	$0	$1,053	
ELECTRIC	$37	$39	$47	$48	$0	$42	$0	$0	$0	$0	$0	$0	$214	
STREETLIGHTS	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
WATER & SEWER	$949	$1,700	$152	$0	$767	$1,243	$0	$0	$0	$0	$0	$0	$4,810	
LANDSCAPE MAINTENANCE	$5,478	$5,478	$5,478	$6,087	$0	$0	$0	$0	$0	$0	$0	$0	$22,522	
LANDSCAPE CONTINGENCY	$780	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$780	
IRRIGATION REPAIRS	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
LAKE MAINTENANCE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
CONTINGENCY	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
REPAIRS & MAINTENANCE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TOTAL EXPENDITURES	$24,386	$13,750	$10,510	$10,952	$6,616	$11,537	$0	$0	$0	$0	$0	$0	$77,752	
														
EXCESS REVENUES (EXPENDITURES)	$23,168	$164	$139,065	($10,829)	($4,464)	($10,233)	$0	$0	$0	$0	$0	$0	$136,870	

BRIDGEWALK
Community Development District Developer Contributions/Due from Developer

Funding Request
#	Prepared Date	Payment Received
Date	Check Amount	Total Funding
Request	General Fund
Portion (22)*	General Fund
Portion (23)	Due from
Capital	Over and (short)
Balance Due	

14	
8/26/22	
9/7/22	
$	5,375.00	
$	5,375.00	
$	-	
$	5,375.00	
$	-	$	-	
15	9/14/22	10/20/22	$	16,584.24	$	16,584.24	$	11,584.24	$	5,000.00	$	-	$	-	
1	10/30/22	11/15/22	$	14,699.64	$	14,699.64	$	3,218.91	$	11,480.73	$	-	$	-	
Due from Developer	$	36,658.88	$	36,658.88	$	14,803.15	$	21,855.73	$	-	$	-	

Total Developer Contributions FY23	 $	21,855.73 

BRIDGEWALK
COMMUNITY DEVELOPMENT DISTRICT LONG TERM DEBT REPORT

SERIES 2022, SPECIAL ASSESSMENT BONDS
ASSESSMENT AREA ONE PROJECT	
INTEREST RATE:	2.500%, 3.000%, 3.250%, 4.000%	
MATURITY DATE:	12/15/2052	
RESERVE FUND DEFINITION	50% MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$123,450	
RESERVE FUND BALANCE	$123,450	
BONDS OUTSTANDING - 2/22/22	$4,440,000	
CURRENT BONDS OUTSTANDING	$4,440,000	

BRIDGEWALK

Gross Assessments $	407,809 $	179,602 $	228,207	
Net Assessments $	383,341 $	168,826 $	214,515	

COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT RECEIPTS - FY2023 TAX COLLECTOR

Date Received	

Dist.	
Gross Assessments Received	
Discounts/ Penalties	
Commissions Paid	
Interest Income	
Net Amount Received	
General Fund 44.04%	Debt Service Series 2022
55.96%	
Total 100%	
11/22/22	ACH	$	33,581.31	$	1,343.24	$	644.76	$	-	$	31,593.31	$	13,913.94	$	17,679.37	$	31,593.31	
12/9/22	ACH	$	345,734.76	$  13,829.28	$	6,638.11	$	-	$  325,267.37	$	143,250.26	$	182,017.11	$  325,267.37	
12/22/22	ACH	$	15,264.22	$	610.57	$	293.07	$	-	$	14,360.58	$	6,324.51	$	8,036.07	$	14,360.58	
1/24/23	ACH	$	-	$	-	$	-	$	279.53	$	279.53	$	123.11	$	156.42	$	279.53	
2/9/23	ACH	$	5,088.08	$	101.76	$	99.73	$	-	$	4,886.59	$	2,152.09	$	2,734.50	$	4,886.59	
3/10/23	ACH	$	3,052.84	$	30.53	$	60.45	$	-	$	2,961.86	$	1,304.43	$	1,657.43	$	2,961.86	
						$	-	$	-	$	-	$	-	
						$	-	$	-	$	-	$	-	
						$	-	$	-	$	-	$	-	
						$	-	$	-	$	-	$	-	
Totals		$	402,721.21	$  15,915.38	$	7,736.12	$	279.53	$  379,349.24	$	167,068.34	$	212,280.90	$  379,349.24	

DIRECT BILLED ASSESSMENTS

STANDARD PACIFIC OF FLORIDA	$58,350.09	$25,697.72	$32,652.37

DATE
RECEIVED	DUE
DATE	CHECK
NO.	NET
ASSESSED	AMOUNT
RECEIVED	Operation
& Maintenance	Debt Service
Series 2022	
10/7/22	11/1/22	1893100	$	12,848.86	$	12,848.86	$	12,848.86	$	-	
10/7/22	2/1/23	1893100	$	6,424.43	$	6,424.43	$	6,424.43	$	-	
10/7/22	5/1/23	1893100	$	39,076.80	$	39,076.80	$	6,424.43	$	32,652.37	
			$	58,350.09	$	58,350.09	$	25,697.72	$	32,652.37	

Bridgewalk
Community Development District
Special Assessment Bonds, Series 2022 (Assessment Area One Project)

Date	Requisition #	Contractor	Description	Requisitions	
Fiscal Year 2022					
9/13/22	1	Greenberg Traurig	Invoice #1000005573 - Post Closing Costs	$	155.15	
		TOTAL		$	155.15	

Fiscal Year 2022					
3/1/22		Interest		$	4.67	
3/2/22		Transfer from Reserve		$	0.14	
4/1/22		Interest		$	20.66	
4/4/22		Transfer from Reserve		$	0.63	
5/2/22		Interest		$	20.00	
5/3/22		Transfer from Reserve		$	0.61	
6/1/22		Interest		$	549.73	
6/2/22		Transfer from Reserve		$	16.70	
7/1/22		Interest		$	1,714.26	
7/5/22		Transfer from Reserve		$	52.06	
8/1/22		Interest		$	3,292.25	
8/2/22		Transfer from Reserve		$	99.94	
9/1/22		Interest		$	5,330.72	
9/2/22		Transfer from Reserve		$	161.68	
		TOTAL		$	11,264.05	

Acquisition/Construction Fund at 2/22/22	
$ 4,064,559.03	
Interest Earned thru 9/30/22	$	11,264.05	
Requisitions Paid thru 9/30/22	$	(155.15)	

Remaining Acquisition/Construction Fund	 $ 4,075,667.93 

Date	Requisition #	Contractor	Description	Requisitions	
Fiscal Year 2023					
10/6/22	2	Lennar Homes LLC	Reimbursement of Infrastructure Costs	$ 4,065,172.00	
		TOTAL		$ 4,065,172.00	

Fiscal Year 2023					
10/3/22		Interest		$	6,146.31	
10/4/22		Transfer from Reserve		$	186.17	
11/1/22		Interest		$	1,328.01	
11/2/22		Transfer from Reserve		$	252.52	
12/1/22		Interest		$	46.88	
12/2/22		Transfer from Reserve		$	315.08	
12/21/22		Interest		$	0.02	
12/22/22		Transfer from Reserve		$	0.15	
1/3/23		Interest		$	54.76	
1/4/23		Transfer from Reserve		$	360.34	
2/1/23		Interest		$	59.47	
2/2/23		Transfer from Reserve		$	383.47	
3/1/23		Interest		$	58.44	
3/2/23		Transfer from Reserve		$	367.80	
		TOTAL		$	9,559.42	

Acquisition/Construction Fund at 9/30/22	
$ 4,075,667.93	
Interest Earned thru 3/31/23	$	9,559.42	
Requisitions Paid thru 3/31/23	$ (4,065,172.00)	
Remaining Acquisition/Construction Fund	 $	20,055.35 	

Section 3

LANDOWNER PROXY LANDOWNERS’ MEETING – NOVEMBER 7, 2023

BRIDGEWALK COMMUNITY DEVELOPMENT DISTRICT
OSECOLA COUNTY, FLORIDA

NOW ALL PERSONS BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints:

Proxy Holder

For and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Bridgewalk Community Development District to be held at The Oasis Club at ChampionsGate, 1520 Oasis Club Blvd., ChampionsGate, Florida on November 7, 2023 at 1:30 PM, and at any continuances or adjournments thereof, according to the number of acres of un-platted land and/or platted lots owned by the undersigned landowner which the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing which may be considered at said meeting including, but not limited to, the election of members of the Governing Board. Said Proxy Holder may vote in accordance with their discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the annual meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the annual meeting prior to the Proxy Holder exercising the voting rights conferred herein.

Print or type name of Landowner		Date 		
Signature of Landowner			

Parcel Description	
Acreage	
Authorized Votes*	

(must be street address, tax parcel ID number, or legal description attached)			
Total Number of Authorized Votes:		

*Pursuant to section 190.006 (2)(b), Florida Statutes (2007), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto.

Please note that a particular real property is entitled to only one vote for each eligible acre of lands or fraction thereof; two (2) or more person who own real property in common that is one acre or less are together entitled to only one vote for that real property. If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto. (e.g., bylaws, corporate resolution, etc.). If more than one parcel, each must be listed or described.

INSTRUCTIONS

At the Board meeting, when the landowners’ election is announced, instructions on how landowners may participate in the election, along with a sample proxy, shall be provided.

At a landowners’ meeting, landowners shall organize by electing a chair who shall conduct the meeting. The chair may be any person present at the meeting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions.

Nominations are made from the floor.

After all nominations are made, a ballot is distributed and votes are cast

Each landowner is entitled to one vote for each acre he owns or portion of an acre.

SAMPLE AGENDA

Determination of Number of Voting Units Represented

Call to Order

Election of a Chairman for the Purpose of Conducting the Landowners Meeting

Nominations for the Position of Supervisor

Casting of Ballots

Ballot Tabulation

Landowners Questions and Comments

Adjournment