Storey Drive Community Development District

Agenda April 6, 2023

AGENDA

Storey Drive
Community Development District

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

March 30, 2023

Board of Supervisors Storey Drive Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Storey Drive Community Development District will be held Thursday, April 6, 2023 at 10:00 a.m. at the offices of GMS-CF, 219 E. Livingston Street, Orlando, Florida. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Approval of Minutes of the January 5, 2023 Meeting
Consideration of	Aquatic Plant Management Agreement with Applied Aquatic Management, Inc.
Consideration of Resolution 2023-03 Approving the Proposed Fiscal Year 2024 Budget and Setting a Public Hearing
Staff Reports
Attorney
Engineer
District Manager's Report
Approval of Check Register
Balance Sheet and Income Statement
Presentation of Arbitrage Rebate Report for Series 2022 Bonds
Designation of November 7, 2023 as the 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 Stephen Saha, District Engineer

Enclosures

MINUTES

MINUTES OF MEETING STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Drive Community Development District was held Thursday, January 5, 2023 at 10:00 a.m. at the Offices of GMS­ CF, 219 East Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Adam Morgan Josh Jochims Teresa Diaz

Also present were:

George Flint Kristen Trucco Alan Scheerer Joanie Westerfield

FIRST ORDER OF BUSINESS

Chairman Assistant Secretary Assistant Secretary

District Manager District Counsel Field Manager District Engineer

Roll Call

Mr. Flint called the meeting to order and called the roll. Three Board members were present constituting a quorum.

SECOND ORDER OF BUSNESS
There being none, the next item followed.

THIRD ORDER OF BUSINESS

Public Comment Period

Approval of Minutes of the November 3, 2022 Meeting

Mr. Flint: We have approval of minutes from the November 3, 2022 meeting. Did the Board have any comments or corrections?
Mr. Morgan: I wasn't present, but I read through them. They all look correct. Unless anybody has any comments, I will make a motion to accept.

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, the Minutes of the November 3, 2022 Meeting, were approved as presented.

January 5, 2023	Storey Drive COD

FOURTH ORDER OF BUSINESS	Ratification of Series 2022 Requisition #3
and Consideration of Series 2022 Requisition #4
Mr. Flint: Next is the ratification of the Series 2022 Requisition #3 and Requisition,#4. Requisition #3 is for $165 for Poulos & Bennett, LLC. Requisition #4 is for $618.75 for Poulos & Bennett, LLC. Any questions on the requisitions?
Mr. Morgan: I will make a motion to approve.

On MOTION by Mr. Morgan, seconded by Mr. Jochims, with all in favor, the Series 2022 Requisitions #3 and #4, were ratified.

FIFTH ORDER OF BUSINESS	Discussion of Pending Plat Conveyances
Mr. Flint: Discussion of pending plats and conveyances.
Ms. Trucco: I have been following up with Stephen about some of the tracts in Phase 1 as well as the potable water systems for Phases 1 and 2. This Board has already approved a resolution to allow that to be conveyed, but we are required to have the District Engineer sign off. He said that there is a portion that loops around a condo building that is not cleared yet. What we are going to do with the Board's direction is ask Stephen to carve out that piece so that we can go ahead and convey it to the CDD in Phase 1 and Phase 2 potable water systems and so that the CDD can proceed with processing the requisition for the work that is complete there.
Ms. Diaz: All the water has been cleared.
Ms. Trucco: The potable water systems for Phases 1 and 2 have been cleared? Ms. Diaz: Yes.
Ms. Trucco: Okay, I will include you on that email when I respond to Stephen. Once we have his sign off on the District Engineer's certificate, we will go ahead and record the deeds and then we can process the requisition because I know George has noted that there are some construction funds that are ready.
Mr. Morgan: The only thing that we are lacking, which really has nothing to do with the CDD, is the Phase 1 sewer clearance, is that correct?
Ms. Diaz: Yes.
Mr. Morgan: Okay.
Ms. Trucco: We will try to get that finished. I think Stephens's out, but maybe we can have it electronically signed or get that signed so we can record the deed this week or early next week.

2

January 5, 2023	Storey Drive CDD

Mr. Morgan: All the landscaping and irrigation is under the CDD too, isn't it? Mr. Scheerer: Yes, for the most part.
Mr. Morgan: Where do we stand because we are still pulling water off the fire hydrant for irrigation. We haven't turned that over to the CDD yet either, have we?
Mr. Flint: We are maintaining it.
Mr. Scheerer: We are maintaining the ponds and the entrance.
Mr. Morgan: You guys are doing a great job. They must have just mowed it when I was there yesterday.
Mr. Scheerer: We got a message from Teresa that Mark wanted the ponds mowed, so we did all the pond banks prior to the holidays. They are staying on top of that. There was a couple of areas between the wall and the sign that wasn't done yet. I don't know ifit is done as of today.
Mr. Morgan: The CDD accepted the landscape without full reuse irrigation water. Mr. Scheerer: We accepted the landscaping maintenance.
Mr. Morgan: What are we looking at for reuse so that we don't have to pull from that hydrant. Is the city pulling the reuse from the city or the county?
Ms. Diaz: The city.
Mr. Morgan: The city is complaining about us pulling off the hydrant, but they haven't given us access to the reuse. It's leaking. There is a blow off valve on the hydrant, so if the hydrant is low and it has a blow off, then that is causing the tiniest stream of water to run across that entrance on Vanguard and is causing the slightest bit of sediment to go into the drain and the city wants to shut us down over that, even though they are the ones making us use the hydrant.
Ms. Diaz: Yes.
Mr. Morgan: Just tell me if I need to do anything to help you there. Ms. Diaz: I will copy you on the emails.
Mr. Flint: There is a long backlog on the meters. Mr. Morgan: It's a meter issue, that's it?
Ms. Diaz: Yes.
Mr. Morgan: I am sorry to get off topic. I was trying to clarify because I was on site yesterday and I was confused because I got an inspection report from the city complaining about the discharge from under the fire hydrant, but they are the ones that aren't hooking us up to prevent

3

January 5, 2023	Storey Drive COD

the discharge from happening. I just wanted to make sure I was clear on that before I responded to the city.
Mr. Scheerer: We are doing the landscaping, but just so you know we are still not doing the aquatic yet.
Mr. Morgan: That is fine. We are getting ready to treat pond #1 again.
Mr. Scheerer: We will just wait on your clearance to go ahead and enter into the agreement with the aquatic vendor.
Mr. Morgan: Yes.
Mr. Scheerer: Ok, that is really all we are waiting on.
Ms. Trucco: I think he had also noted stormwater ponds #1-4 bleeders still need to be installed on the control structures and added to the as-builts. That should be a few weeks out, so if you all could keep us posted. Once those are completed, we can transfer them.
Mr. Scheerer: I think what he is talking about is usually there is a blade downpipe below the control elevation that comes up. It is usually a 6-inch PVC.
Mr. Morgan: Okay I understand now that pipe has not been installed. Other than that, those ponds have been ready for 6 months.
Ms. Trucco: Yes, we have got to get those conveyed as soon as we can.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Trucco: That is all I have for my staff report unless you have any questions for me.

Engineer
Mr. Flint: Joanie, anything from the District Engineer?
Ms. Westerfield: Just what he had sent Kristen. I don't have anything further to report.

District Manager's Report
Approval of Check Register
Mr. Flint: You have the check register from October 1, 2022 through December 29, 2022 for $320,671.48. A significant amount of that is assessment revenue that is being transferred to the Trustee. Any questions on the check register?
Mr. Morgan: No, I will make a motion to approve.

4

January 5, 2023	Storey Drive CDD

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

Balance Sheet and Income Statement
Mr. Flint: You have the unaudited financial statements through November 30th. If there are any questions, we can discuss those. As we discussed, there is $9,170,000 in the construction account to be requisitioned. Any comments or questions on the financials?
Mr. Morgan: Out of the $9,000,000, we have the potable water, the storm ponds, and what else do we have?
Ms. Trucco: I am not sure. I haven't seen a draft from Stephen. Joanie, do you know if Stephen has a requisition that he is preparing right now?
Ms. Westerfield: He does, we started it and are working on it. It is taking a little longer because he is having to teach me the CDD as we are going.
Ms. Trucco: Do you want to see a copy of the draft that they are putting together? Mr. Morgan: Sure.
Ms. Trucco: Joanie, if you could, would you send me a draft of the requisition?
Ms. Westerfield: We do not have it prepared enough to send a draft. When he gets back next week, we will be able to send it over.
Ms. Trucco: Okay, that sounds good. Thank you.

SEVENTH ORDER OF BUSINESS	Other Business
Mr. Flint: Was there any other business or Supervisor's requests?

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

NINTH ORDER OF BUSINESS

Supervisor's Requests

Adjournment

On MOTION by Mr. Morgan, seconded by Ms. Diaz, with all in favor, the meeting was adjourned.

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

SECTION IV

P.O. Box 1469
Eagle Lake, FL 33839 1-800-4 882

AQUATIC PLANT MANAGEMENT
AGREE.MENT

Submitted to:
(

Date:	March 29, 2023

Name Address City Phone

Storey Drive COD
:1408 Hamlin Ave Unit E St Cloud, FL 32801 407"'841-5524

This Agreement is between Applied Aquatic Management, Inc. hereafter called "AJWi" and signee hereafter called "Customer".

The parties hereto agree as follows
AAM agrees to provide aquatic management services for a period of	18 months In accordance with the tenns and conditions of this Agreement in the following sites:

Four (4) Stormwater Retention Ponds Associated with Storey Drive COO

The AAM management program will include the control of the following categories of vegetation for the specified sum:

Submersed vegetation control
Emersecl vegetation control
Floating vegetation control
Filamentous algae control
Shorellne grass & brush control

Included Included Included Included Included

rvice shall consist of a minimum of monthly i pections and/or treatments as needed to maintain control of noxious growth throughout the term of our service.

Customer agrees to pay AAM the following amounts during the term of this Agreement

The terms of this agreement shall be: 04/01/2023 thru 09/30/2024. Agreement will automatically renew as per Tenn & Condition 14.
Start-up Charge	NA	Due at the start of work
Maintenance Fee	$685.00	Due	monthly
Total Annual Cost	$12,330.00

as billed	X18.

Invoices ant due and payable within 30 days. Owtrdue accounts may accrue a service ch81J19 of 1 112% per month
AAM agrees to commence treabnent within	NA days, weather permitting, from the date of execution or receipt of the proper permits.
The Agreement shall have no force & is withdrawn unless executed and returned by Customer to AAM on or before April 29, 2023	
Customer acknowledges that he has read and Is familiar with the additional terms and conditions printed on the reverse side which are incorporated in this agreement.

3/29/2023	Accepted	Date:

Customer

Terms and Conditions
The AAM Aquatic Plant Management Program will be conducted in a manner consistent with good water management practice using only chemicals which have a wide margin of safety for fish, waterfowl and human life and in conformance with applicable state and Federal Laws, regulations and rules. AAM agrees to indemnify Customer for any violation of such laws, rules or regulations.
Federal & State regulations require that various time-use restrletlons be observed during & following treatment AAM agrees lo notify Customer of such restrictions verbally &/or by posting the restrictions at several readily visible locations on the perimeter of each body of water at the time of treatment It shall be the Customer's responsibility
to observe the restrictions throughout the required period. Customer understands & agrees that notwithstanding any other provisions of this Agreement, ANA does not assume any liabiity by any party to be notified, or to observe,
the regulations.
The AAM Aquatic Plant Management Program Is devised so that water areas are brought Into a maintenance configuration as rapidly after their start, consistent with responsible management practices. Some forms of vegetation (particularly grasses & cattail} have visible residues after chemical treatment Customer is responsible for removing such residues.
In addition to the amounts noted on the face of this Agreement, Customer shall also pay fees, taxes (including sales taxes) or charges that might be Imposed by any government body with respect to the services offered herein.
This Agreement shall have as its effective date the first day of the month in which services ara first rendered to Customer and shall terminate upon the last day of a month.
MM is licensed & insured. Certificates of Insurance will be provided upon Customers request.
If at any time during the term of this Agreement, Customer does not feel AAM is performing in a satisfactory manner Customer shaD promptly notify AAM who shall Investigate the cause of Customer's lack of satisfaction & attempt to cure same. If nonsatisfactory performance continues, this Agreement may be voided by either party giving thirty days written notice & payment of all monies owing to the effective date of termination, which shall be the last day of the month.
Neither party shall be responsible in damages, penalties or otherwise for any failure or delay In the performance of any of its obligations hereunder caused by strikes, riots, war, acts of God, accidents, governmental orders & regulations, curtailment or failure to obtain sufficient material, or other forces (whether or not of the same class or kind as those set forth above) beyond its reasonable control & which, by the exercise of due diligence, It is unable to overcome.
AAM agrees lo hold customer harmless from any loss, damage or claims arising out of the sole negrigence of AAM however, AAM shall In no event be lable to Customer or others, for Indirect, special or consequential damages resulting from any cause whatsoever.
1o. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida
In the event a legal action is necessary to enforce any of the provisions of this Agreement, the prevailing party Is entitled to recover legal costs & reasonable attorney fees.
This Agreement constitutes the entire Agreement of the parties hereto & no oral or written alterations or modifications of the terms contained herein shall be valid unless made in writing & accepted by an authorized representative of AAM & Customer.
This Agreement may not be assigned by Customer without the prior written consent of AAM.
This Agreement shall automatically renew for term equal to its original term, unless a "Notice of Cancellation" has been received. The contract amount shall be adjusted at a minimum rate of 3% increase per year on the anniversary date of this Agreement Unless otherwise agreed to in writing, by both parties, services shall be continuous without interruption.

SECTION V

RESOLUTION 2023-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STOREY DRIVE 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 Storey Drive 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 STOREY DRIVE 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: HOUR: LOCATION:

July 6, 2023

10:00 a.m.

Offices of GMS-CF, LLC 219 E. Livingston Street Orlando, FL 32801

TRANSMITTAL	OF  PROPOSED	BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to City of Orlando and Orange 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 6th DAY OF APRIL, 2023.

ATTEST:	STOREY	DRIVE	COMMUNITY DEVELOPMENT DISTRICT

By:	 _

Secretary

Its:--------------

Storey Drive
Community  Development  District

Proposed Budget
FY 2024

Table of Contents

1-3		General Fund 

		General Fund Narrative 

		Debt Service Fund Series 2022 

		Amortization Schedule Series 2022 

Storey Drive
Community Development District

Fiscal Year 2024 General Fund

	Adopted Budget	Actual
Thru	Projected Next7	Total Thru	Proposed Budget	
	FY2023	2/28/23	Months	9/30/23	FY2024	

Revenues						
Assessments - Unplatted	$59,788	$59,789	$0	$59,789	$0	
Assessments - Platted	$154,769	$158,128	$659	$158,787	$315,067	
Developer Contributions	$98,580	$14,828	$0	$14,828	$0	
Total Revenues		$313,137	$232,745	$659	$233,404 	$31s.os1 1

Expenditures		
Administrative		
Supervisor Fees	$12,000	$1,800	$4,800	$6,600	$12,000	
FICA Expense	$918	$138	$367	$505	$918	
Engineering	$12,000	$0	$4,000	$4,000	$12,000	
Attorney	$25,000	$8,660	$11,340	$20,000	$25,000	
Dissemination	$3,500	$1,458	$2,042	$3,500	$3,500	
Arbitrage	$450	$0	$450	$450	$450	
Annual Audit	$3,450	$0	$3,450	$3,450	$3,600	
Trustee Fees	$5,000	$4,041	$0	$4,041	$5,000	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,250	
Management Fees	$35,000	$14,583	$20,417	$35,000	$36,750	
Information Technology	$1,300	$542	$758	$1,300	$1,800	
Website Maintenance	$800	$333	$467	$800	$1,200	
Telephone	$150	$0	$25	$25	$75	
Postage	$1,000	$40	$60	$100	$750	
Printing & Binding	$1,000	$36	$64	$100	$750	
Insurance	$5,500	$5,375	$0	$5,375	$6,200	
Legal Advertising	$5,000	$0	$2,500	$2,500	$5,000	
Other Current Charges	$600	$0	$240	$240	$600	
Office Supplies	$375	$1	$2	$3	$150	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
IQtal Mmiaistrati'!@.	$118,218	$42,183	$50,981	$93,164	$121,168 I	

Storey Drive
Community Development District

	Adopted Budget	Actual
Thru	Projected Next7	Total Thru	Proposed Budget	
	FY2023	2/28/23	Months	9/30/23	FY2024	

Operations & Maintenance						
Field Services	$7,500	$3,125	$4,375	$7,500	$7,875	
Property Insurance	$5,000	$0	$0	$0	$5,000	
Electric	$3,500	$0	$0	$0	$3,500	
Water & Sewer	$20,000	$0	$0	$0	$20,000	
Landscape Maintenance	$129,144	$30,651	$56,462	$87,113	$134,304	
Landscape Contingency	$2,500	$0	$1,250	$1,250	$2,500	
Irrigation Repairs	$2,500	$455	$795	$1,250	$2,500	
Lake Maintenance	$14,775	$0	$4,110	$4,110	$8,220	
Pressure Washing	$5,000	$0	$2,500	$2,500	$5,000	
Repairs & Maintenance	$2,500	$0	$1,250	$1,250	$2,500	
Contingency	$2,500	$0	$1,250	$1,250	$2,500	

Fiscal Year 2024 General Fund

Total Operations & Maintenance	 $194,919			$34,231		$71,992	$106,223  $193,899 I Total Expenditures	 $313,137			 $76,414	$122,973  $199,387	$31s,061 1 Excess Revenues/(Expenditures)		$0	$156,331    !$122,314!		$341018		$0 I

2

Storey Drive
Community Development District
Fiscal Year 2024 General Fund

Assessment Charts	

Net Administrative Annual Assessments {Total)	
$121,168	
Collection Cost (6%)		$7,734 	
Gross Assessments	$128,902	
!Property Type
Condo		
Units
256	
ERU Factor
0.50	
ERUs
128	
Gross Per Uni
$185.20	
t	 Total Gross	
$47,412.28	
Townhomes		200	0.75	150	$277.81	$55,561.26	
Single Family		70	1.00	70	$370.41	$25,928.59	
	Total	526		348		$128,902.13	
Net Maintenance Annual Assessments (Total)			
$193,899	
Collection Cost (6%)				$12,377 	
Gross Assessments			$206,276	
!Property Type	Units	
ERU Factor	
ERUs	

Gross Per Unit	 Total Gross		
Condo		256	0.50	128	$296.37	$75,871.46	
Townhomes		200	0.75	150	$444.56	$88,911.87	
Single Family		70	1.00	70	$592.75	$41,492.20	
	Total	526		348		$206,275.53	

Net Administrative & Maintenance Annual Assessments (Platted)	
$315,067	
Collection Cost (6%)		$20,111 	
Gross Assessments	$335,178	

!Property Type	Units	ERU Factor	ERUs	Gross Per Unit	 Total Gross		

Condo		256	0.50	128	$481.58	$123,283.74	
Townhomes		200	0.75	150	$722.37	$144,473.13	
Single Family		70	1.00	70	$963.15	$67,420.79	
	Total	526		348		$335,177.66	

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Storey Drive
Community Development District
GENERAL FUND BUDGET

REVENUES:

Assessments

The District will levy a non-ad valorem special assessment on all the assessment property within the District in order to pay for the operating expenditures during 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, Poulos & Bennett, LLC, will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review of invoices and requisitions, 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, LLP, will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.

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Storey Drive
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 Series 2022 Special Assessment Bonds.

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. The District has contracted with AMTEC Corporation for this service.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District has contracted with DiBartolomeo, McBee, Hartley & Barnes, P.A. for this service.

Trustee Fees

The District will pay annual trustee fees for the Series 2022 Special Assessment Bonds that are deposited with Trustee at USBank.

Assessment Administration

The District will contract 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.

5

Storey Drive
Community Development District
GENERAL FUND BUDGET

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, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for 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.

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.

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Storey Drive
Community Development District
GENERAL FUND BUDGET

Office Supplies

Miscellaneous office supplies.

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

The District has contracted with Governmental Management Services-Central Florida, LLC for 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.

Electric

Represents estimated cost of electric services for items such as monument lighting, irrigation meters, etc.

Water & Sewer

Represents estimated cost of water services for areas within the district such as main entrance, irrigated turf and landscaping around ponds.

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. Budgeted amount is based on proposals from Cherry Lake Inc. for Phases 1 and 2.

7

Storey Drive
Community Development District
GENERAL FUND BUDGET

Landscape Contingency

Represents estimated costs for any additional landscape expenses not covered under the monthly landscape maintenance contract.

Irrigation Repairs

Represents estimated costs for any repairs to the irrigation system.

Lake Maintenance

Represents cost to maintain four stormwater retention ponds. Amount is based on proposal from Applied Aquatic Management, Inc. for monthly maintenance and as needed clean-up/treatments.

Pressure Washing

Represents estimated cost to pressure wash areas within the District boundaries.

Repairs & Maintenance

Represents general repairs and maintenance costs that are not budgeted under any other budgeted line item.

Contingency

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

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Storey Drive
Community Development District

Fiscal Year 2024 Debt Service Fund Series 2022

	Proposed Budget	Actual Thru	Projected Next7	Total Thru	Proposed Budget	
	FY2023	2128/23	Months	9/30/23	FY2024	

Revenues						
Special Assessments	$536,213	$541,864	$1,110	$542,974	$536,213	
Interest	$0	$6,339	$2,661	$9,000	$5,000	
Carry Forward Surplus	$169,149	$169,161	$0	$169,161	$187,217	
Total Revenues		$705,362	$717,364	$3,771 	$721,135	$12s,43o 1	

Expenditures						
Interest Expense - 12/15	$169,131	$169,131	$0	$169,131	$166,581	
Principal Expense - 06/15	$200,000	$0	$200,000	$200,000	$205,000	
Interest Expense - 06/15	$169,131	$0	$169,131	$169,131	$166,581	

Total Expenditures	
$538,263	
$169,131	
$369,131	
$538,263	$538,163 l	
Other Sourcesl(Uses)						
Transfer ln/(Out)	$0	($3,253)	($1,091)	($4,344)	($2,000)	
Total Sources/(UsesJ		$0		($3,253)	($1,091)	($4,344}	($2,000)!	
Total Expenditures	$538,263	$165,879	$368,040	$533,919	$s3s,1s3 I	
						
Excess Revenuesl(Expenditures)		$167,100 	$551,486	($364,269)		$187,217		$1s2,2s1 I	

Interest -12/1512024 	$163,968 
Total 	$163,968 

Net Assessment	$536,213	
Collection Cost (6%)	$34,226	
Gross Assessment		$570,439 	
IProE!! T e!	Units	Gross Per Unit	Gross Total I	
Condo	256	885.82	$226,770	
Townhome	200	$1,102	$220,308	
Single Famill	70	$1,762	$123,359	
!Total	526		$510,431 I	

9

Storey Drive
Series 2022, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

Date	Balance	Principal	Interest	Annual

6/15/23	9 710 000	200 000	169131.25	 		
12/15/23	$ 9,510,000	$	$	166,581.25	$	535,712.50	
6/15/24	9 510 000	205 000	$	166 581.25		
12/15/24	$ 9,305,000	$	$	163,967.50	$	535,548.75	
6/15/25	$ 9,305,000	$	210,000	$	163,967.50	$	
12115125	$ 9,095,000	$	$	161,290.00	$	535,257.50	
6/15/26	$ 9,095,000	$	215,000	$	161,290.00	$	
12/15/26	$ 8,880,000	$	$	158,548.75	$	534,838.75	
6115/27	$ 8,880,000	$	220,000	$	158,548.75	$	
12/15/27	$ 8,660,000	$	$	155,743.75	$	534,292.50	
6/15/28	$ 8,660,000	$	225,000	$	155,743.75	$	
12/15/28	$ 8,435,000	$	$	152,368.75	$	533,112.50	
6/15/29	$ 8,435,000	$	235,000	$	152,368.75	$	
12/15/29	$ 8,200,000	$	$	148,843.75	$	536,212.50	
6/15/30	$ 8,200,000	$	240,000	$	148,843.75	$	
12/15/30	$ 7,960,000	$	$	145,243.75	$	534,087.50	
6/15/31	$ 7,960,000	$	245,000	$	145,243.75	$	
12/15/31	$ 7,715,000	$	$	141,568.75	$	531,812.50	
6115132	$ 7,715,000	$	255,000	$	141,568.75	$	
12/15/32	$ 7,460,000	$	$	137,743.75	$	534,312.50	
6/15/33	$ 7,460,000	$	265,000	$	137,743.75	$	
12115/33	$ 7,195,000	$	$	133,437.50	$	536,181.25	
6/15/34	$ 7,195,000	$	270,000	$	133,437.50	$	
12/15/34	$ 6,925,000	$	$	129,050.00	$	532,487.50	
6/15/35	$ 6,925,000	$	280,000	$	129,050.00	$	
12115/35	$ 6,645,000	$	$	124,500.00	$	533,550.00	
6/15/36	$ 6,645,000	$	290,000	$	124,500.00	$	
12/15/36	$ 6,355,000	$	$	119,787.50	$	534,287.50	
6/15/37	$ 6,355,000	$	300,000	$	119,787.50	$	
12/15/37	$ 6,055,000	$	$	114,912.50	$	534,700.00	
6115/38	$ 6,055,000	$	310,000	$	114,912.50	$	
12/15/38	$ 5,745,000	$	$	109,875.00	$	534,787.50	
6/15/39	$ 5,745,000	$	320,000	$	109,875.00	$	
12115/39	$ 5,425,000	$	$	104,675.00	$	534,550.00	
6/15/40	$ 5,425,000	$	330,000	$	104,675.00	$	
12115/40	$ 5,095,000	$	$	99,312.50	$	533,987.50	
6/15/41	$ 5,095,000	$	340,000	$	99,312.50	$	
12115/41	$ 4,755,000	$	$	93,787.50	$	533,100.00	
6115142	$ 4,755,000	$	350,000	$	93,787.50	$	
12115/42	$ 4,405,000	$	$	88,100.00	$	531,887.50	
6/15/43	$ 4,405,000	$	365,000	$	88,100.00	$	
12115143	$ 4,040,000	$	$	80,800.00	$	533,900.00	
6/15/44	$ 4,040,000	$	380,000	$	80,800.00	$	
12/15/44	$ 3,660,000	$	$	73,200.00	$	534,000.00	
6/15/45	$ 3,660,000	$	395,000	$	73,200.00	$	
12/15/45	$ 3,265,000	$	$	65,300.00	$	533,500.00	
6/15/46	$ 3,265,000	$	410,000	$	65,300.00	$	
12/15/46	$ 2,855,000	$	$	57,100.00	$	532,400.00	
6/15/47	$ 2,855,000	$	430,000	$	57,100.00	$	
12115/47	$ 2,425,000	$	$	48,500.00	$	535,600.00	
6/15148	$ 2,425,000	$	445,000	$	48,500.00	$	
12/15/48	$ 1,980,000	$	$	39,600.00	$	533,100.00	
6/15/49	$ 1,980,000	$	465,000	$	39,600.00	$	
12115/49	$ 1,515,000	$	$	30,300.00	$	534,900.00	
6/15/50	$ 1,515,000	$	485,000	$	30,300.00	$	
12/15/50	$ 1,030,000	$	$	20,600.00	$	535,900.00	
6/15/51	$ 1,030,000	$	505,000	$	20,600.00	$	
12/15/51	$	525,000	$	$	10,500.00	$	536,100.00	
6/15/52	$	525,000	$	525,000	$	10,500.00	$	535,500.00	

Totals	$	9,710,000  $	6,319.606  s 1 s,02e.sos.2s I

10

SECTION VI

SECTION C

SECTION 1

Storey Drive
Community Development District

Summary of Checks

December 29, 2022 to March 29, 2023

	Bank	Date	Check#	Amount	
	
General Fund	
1/5/23	
62	
$	266,054.95	
		1/13/23	63	$	4,012.69	
		1/19/23	64-65	$	8,951.84	
		2/9/23	66-67	$	4,501.64	
		2/16/23	68	$	8,066.00	
		2/23/23	69	$	2,277.50	
		3/9/23	70-72	$	8,500.23	
		3/16/23	73-74	$	9,176.00	
		3/23/23	75	$	1,734.00	
				
$	313,274.85	
	Payroll Fund	January 2023			
		Adam Morgan	50034	$	184.70	
		Joshua Jochims	50035	$	184.70	
		Teresa Diaz	50036	$	184.70	
				
$	554.10	
				$	313,s2s.9s I	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 3/29/23
*** CHECK DATES 12/29/2022 - 03/29/2023 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND

PAGE	1

CHECK VEND# .....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
1/05/23 00010 12/21/22 12212022 202301 300-20700-10000
FY23 SPCL ASMTS SER2022

STATUS	AMOUNT	....CHECK.....
AMOUNT	#
*	266,054.95

1/13/23 00001

1/19/23 00011

1/19/23 00002

2/09/23 00011

STOREY DRIVE CDD C/0 USBANK
1/01/2327	202301 310-51300-34000
MANAGEMENT FEES JAN23 1/01/2327	202301 310-51300-35200
WEBSITE ADMIN JAN23
1/01/2327	202301 310-51300-35100
INFORMATION TECH JAN23 1/01/2327	202301 310-51300-31300
DISSEMINATION FEE JAN23 1/01/2327	202301 310-51300-51000
OFFICE SUPPLIES
1/01/2327	202301 310-51300-42000
POSTAGE
1/01/2327	202301 310-51300-42500
COPIES
1/01/2328	202301 320-53800-12000
FIELD MANAGEMENT JAN23

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

-		GOVERNMENTAL MANAGEMENT SERVICES 1/10/23 100022	202301 320-53800-46200
LANDSCAPE MAINT JAN23

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

CHERRYLAKE INC
1/12/23 107403	202212 310-51300-31500
PHl/2 POT.WTR/OS3/4/5PLAT

1/31/23 100839	202301 320-53800-47300

- - - - - - - - - -2-66-,0-54-.9-5 000062

2,916.67

*

*	66.67
*	108.33
*	291.67
*	.09
*	L 71
*	2.55
*	625.00

8,066.00

*

- - - - - - - - - - -4-,0-12-.6-9 000063

885.84

*

- - - - - - - - - - -8-,0-66-.0-0 000064

455.07

- - - - - - - - - - - - - - - - - -L-ATHAM, LUNA, EDEN & BEAUDINE, LLP RPR HEAD/NOZZLE/LINE BRK
- - - - - - - - - - - - - - - - - - - - - - - - - - -C-HE-RR-YL-AK-E -IN-C - - - - - - - - - - - -
MANAGEMENT FEES FEB23	
*

*	- - - - - - - - - - -

2,916.67	-8-85-.8-4 000065
455.07 000066	
2/01/2329	202302 310-51300-35200
2/01/2329	202302 310-51300-35100
2/01/2329	202302 310-51300-31300
2/01/23 29	202302 310-51300-51000
2/01/23 29	202302 310-51300-42000

STCD STOREY DRIVE	TVISCARRA	*
*
*
*
*	66.67
108.33
291.67
.36
30.14		

INFORMATION TECH FEB23				
DISSEMINATION FEE FEB23				
OFFICE SUPPLIES				
POSTAGE				

2/09/23 00001	2/01/2329	202302 310-51300-34000

WEBSITE ADMIN FEB23

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 3/29/23
*** CHECK DATES 12/29/2022 - 03/29/2023 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND

PAGE	2

CHECK VEND# .....INVOICE........EXPENSED TO...	VENDOR NAME DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
2/01/2329	202302 310-51300-42500
COPIES
2/01/2330	202302 320-53800-12000
FIELD MANAGEMENT FEB23
2/01/23 30A	202210 310-51300-42000
USPS-941FORM MAILING 2022

STATUS	AMOUNT	....CHECK.....
AMOUNT	#
*	7.35
*	625.00
*	.38

2/16/23 00011

2/23/23 00002

3/09/23 00013

3/09/23 00001

3/09/23 00012

3/16/23 00011

3/16/23 00010

GOVERNMENTAL MANAGEMENT SERVICES
2/10/23 101338	202302 320-53800-46200

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

LANDSCAPE MAINT FEB23
CHERRYLAKE INC
2/03/23 109533	202301 310-51300-31500
GH EASEMENT/POT WTR/PLAT

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

LATHAM, LUNA, EDEN & BEAUDINE, LLP
3/03/23 6836-03- 202303 310-51300-31200
ARBITRAGE SERIES 2022

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

AMERICAN MUNICIPAL TAX-EXEMPT
3/01/23 31	202303 310-51300-34000
MANAGEMENT FEES MAR23 3/01/2331	202303 310-51300-35200
WEBSITE ADMIN MAR23
3/01/2331	202303 310-51300-35100
INFORMATION TECH MAR23 3/01/2331	202303 310-51300-31300
DISSEMINATION FEE MAR23 3/01/2331	202303 310-51300-51000
OFFICE SUPPLIES
3/01/2331	202303 310-51300-42000
POSTAGE
3/01/2332	202303 320-53800-12000
FIELD MANAGEMENT MAR23

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

GOVERNMENTAL MANAGEMENT SERVICES
2/24/23 6838054 202302 310-51300-32300
TRUSTEE FEE SER.2022

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

US BANK
3/09/23 102491	202303 320-53800-46200
LANDSCAPE MAINT MAR23
CHERRYLAKE INC
3/16/23 03162023 202303 300-20700-10000
FY23 SPCL ASMNT SER2022

- - - - - - - - - - -4-,0-46-.5-7 000067

8,066.00

*

2,277.50

*

- - - - - - - - - - -8-,0-66-.0-0 000068

-

- - - - - - - - - -2-,2-77-.5-0 000069

450.00

*

- - - - - - - - - - -

450.00 000070
- - - -
*	2,91-6.67
*	66.67
*	108.33
*	291.67
*	.06
*	1.20
*	625.00

4,040.63

*

- - - - - - - - - - -4-,0-09-.6-0 000071

-

- - - - - - - - - -4-,0-40-.6-3 000072

8,066.00

*

-

- - - - - - - - - - -8-,066-.0-0 000073

1,110.00

*

STOREY DRIVE COD C/O USBANK	1,110.00 000074 STCD STOREY DRIVE	TVISCARRA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
*** CHECK DATES 12/29/2022 - 03/29/2023 ***	STOREY DRIVE - GENERAL FUND
BANK A GENERAL FUND

RUN 3/29/23	PAGE	3

CHECK VEND# .....INVOICE........EXPENSED TO...	VENDOR NAME
DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS
3/23/23 00002	3/07/23 110123	202302 310-51300-31500
LIFT CONVEY/TITLE WRK/ESA

STATUS	AMOUNT	....CHECK.....
AMOUNT	#
*	1,734.00

LATHAM, LUNA, EDEN & BEAUDINE, LLP	1,734.00 000075

TOTAL FOR BANK A TOTAL FOR REGISTER

313,274.85
313,274.85

STCD STOREY DRIVE	TVISCARRA

SECTION 2

•

•

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•

•

•

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Storey Drive
Community Development District

Unaudited Financial Reporting February 28, 2023

TABLE OF CONTENTS

		BALANCE SHEET 

GENERAL FUND INCOME STATEMENT

		DEBT SERVICE FUND SERIES 2022 

		CAPITAL PROJECTS FUND SERIES 2022 

		MONTH TO MONTH 

DEVELOPER CONTRIBUTION SCHEDULE

		LONG TERM DEBT SUMMARY 

FY23 ASSESSMENT RECEIPT SCHEDULE

CONSTRUCTION SCHEDULE SERIES 2022

Storey Drive
COMMUNITY DEVELOPMENT DISTRICT BALANCE SHEET
February 28, 2023

ASSETS:

General	Debt Service	Capital Projects
	Fund	 Fund	 Fund	

Totals

I

	2023

CASH	$165,999	---	---	$165,999	
RESERVE	---	$268,106	---	$268,106	
REVENUE	---	$544,980	---	$544,980	
CONSTRUCTION	---	---	$9,251,466	$9,251,466	
DUE FROM OTHER	$31	---	---	$31	
TOTAL ASSETS	$166,030	$813,087	$9,251,466	$10,230,583	

LIABILITIES:					
ACCOUNTS PAYABLE	$5,775	---	$784	$6,558	
FUND EQUITY:					
FUND BALANCES:					
UNASSIGNED	$160,255	---	---	$160,255	
RESTRICTED FOR DEBT SERVICE 2022	---	$813,087	---	$813,087	
RESTRICTED FOR CAPITAL PROJECTS 2022	---	---	$9,250,683	$9,250,683	
TOTAL LIABILITIES & FUND EQUITY	$166,030	$813,087	$9,251,466	$10,230,583	

SERIES 2022

STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues & Expenditures
For The Period Ending February 28, 2023

	ADOPTED BUDGET	PRORATED BUDGET THRU 2/28/23	ACTUAL THRU 2/28/23	
VARIANCE	
REVENUES:					
ASSESSMENTS - PLATTED	$154,769	$154,769	$158,128	$3,359	
ASSESSMENTS - UNPLATTED	$59,788	$59,788	$59,789	$1	
DEVELOPER CONTRIBUTIONS	S98,580	$41,075	S14,828	(S26,247)	
TOTAL REVENUES	S313,137	$255,632	$232,745	($22,887)	

EXPENDITURES;					
ADMINISTRATIVE;					
SUPERVISORS FEES	$12,000	$5,000	$1,800	$3,200	
FICA EXPENSE	$918	$383	$138	$245	
ENGINEERING	$12,000	$5,000	$0	$5,000	
ATTORNEY	$25,000	$10,417	$8,660	$1,756	
DISSEMINATION	$3,500	$1,458	$1,458	($0)	
ARBITRAGE	$450	$0	$0	$0	
ANNUAL AUDIT	$3,450	$0	$0	$0	
TRUSTEE FEES	$5,000	$4,041	$4,041	$0	
ASSESSMENT ADMINISTRATION	$5,000	$5,000	$5,000	$0	
MANAGEMENT FEES	$35,000	$14,583	$14,583	($0)	
INFORMATION TECHNOLOGY	$1,300	$542	$542	$0	
WEBSITE MAINTENANCE	$800	$333	$333	($0)	
TELEPHONE	$150	S63	$0	$63	
POSTAGE	Sl,000	S417	$40	S376	
INSURANCE	$5,500	$5,500	$5,375	$12S	
PRINTING&BINDING	$1,000	$417	$36	$381	
LEGAL ADVERTISING	$5,000	$2,083	$0	S2,083	
OTHER CURRENT CHARGES	$600	$250	$0	$250	
OFFICE SUPPLIES	$375	$156	$1	$155	
DUES, LICENSES & SUBSCRIPTIONS	$175	S175	$175	so	

FIELD:					
FIELD SERVICES	$7,500	$3,125	$3,125	$0	
PROPERTY INSURANCE	$5,000	$5,000	$0	$5,000	
ELECTRIC	$3,500	$1,458	$0	$1,458	
STREETLIGHTS	$0	$0	$0	$0	
WATER&SEWER	$20,000	$8,333	$0	$8,333	
LANDSCAPE MAINTENANCE	$129,144	$53,810	$30,651	$23,159	
LANDSCAPE CONTINGENCY	$2,500	$1,042	$0	$1,042	
IRRIGATION REPAIRS	S2,500	$1,042	$455	S587	
LAKE MAINTENANCE	S14,775	$6,156	so	$6,156	
PRESSURE WASHING	$5,000	$2,083	so	$2,083	
REPAIRS & MAINTENANCE	$2,500	$1,042	$0	$1,042	
CONTINGENCY	$2,500	$1,042	$0	$1,042	
TOTAL EXPENDITURES	$313,137	$139,950	$76,414	$63,536	
					
EXCESS REVENUES (EXPENDITURES)	$0		$156,331		
					
FUND BALANCE - Beginning	$0		S3,924		
					
FUND BALANCE - Ending	$0		$160,255		
	
2				

STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
Statement of Revenues & Expenditures
For The Period Ending February 28, 2023

	ADOPTED
BUDGET	PRORATED BUDGET
THRU 2/28/23	ACTUAL
THRU 2/28/23	
VARIANCE		
REVENUES:							
ASSESSMENTS-TAX ROLL		$260,515	$260,515	$266,166	$5,651		
ASSESSMENTS- DIRECT BILLED		$275,698	$275,698	$275,698	$0		
INTEREST		$0	$0	$6,339	$6,339		
TOTAL REVENUES		$536,213	$536,213	$548,203	$11,990		

EXPENDITURES:							
INTEREST - 12/1S		$169,131	$169,131	$169,131	$0		
PRINCIPAL - 06/15		$200,000	$0	$0	$0		
INTEREST - 06/15		$169,131	$0	$0	$0		
TOTAL EXPENDITURES		$538,263	$169,131	$169,131	$0		

OTHER SOURCES/(USESl:							
TRANSFER IN/OUT		$0	$0	($3,253)	$3,253		
TOTAL OTHER SOURCES/(USES)		$0	so	($3,253)	$3,253		
							
EXCESS REVENUES (EXPENDITURES)		($2,050)		$375,819			
							
FUND BALANCE- Beginning		$169,149		$437,268			
							
FUND BALANCE - Ending		$167,100		$813,087			

3

STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT CAPITAL PROJECTS FUND
Statement of Revenues & Expenditures
For The Period Ending February 28, 2023

REVENUES:

ADOPTED BUDGET

PRORATED BUDGET THRU 2/28/23

ACTUAL
THRU 2/28/23	VARIANCE

INTEREST	$0	$0	$111,386	$111,386

TOTAL REVENUES	$0	$0	$111,386	$111,386

EXPENDITURES:

CAPITAL OUTLAY-CONSTRUCTION	$0	$0	$784	($784)

TOTAL EXPENDITURES	$0	$0	$784	($784)

OTHER SOURCES/IUSESI;

TRANSFER IN/OUT

TOTAL OTHER SOURCES/(U SES) EXCESS REVENUES (EXPENDITURES)
FUND BALANCE- Beginning FUND BALANCE - Ending

$0	$0	$3,253	($3,253)

$0	$0	$3,253	($3,253)

$0	$113,855

$0	$9,136,827

$0	$9,250,683

4

llEl!filll.!lli

STOREY DRIVE
Community Development District

Oct	Nov	Dec	Jan	Feb	Mar	Aii	May	Jun	Jul	Aug	s.,,.	Total

ASSESSMENTS· PLATTED		$0	$0	$158,128	$0	$0	$0	$0	$0	$0	$0	$0	$0	$158,128	
ASSESSMENTS- UNPLATTED		$0	$59,789	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$59,789	
DEVELOPER CONTRIBUTIONS		$14,828	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$14,828	

TOTAL REVENUES	I	$14,828	
$59,789	
SlSB,128	so	so	
10	f.o	so			!ii	
10	232,14s I	
EXPENDrTURES·														
ADMINISTRATIVE'
SUPERVISOR FEES	

$0	

$1,200	

$0	

$600	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$0	

$1,800	
FICA EXPENSE	$0	$92	$0	$46	$0	$0	$0	$0	$0	$0	$0	$0	$138	
ENGINEERING	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
ATTORNEY	$2,361	$1,403	$886	$2,278	$1,734	$0	$0	$0	$0	$0	$0	$0	$8,660	
DISSEMINATION	$292	$292	$292	$292	$292	$0	$0	$0	$0	$0	$0	$0	$1,458	
ARBITRAGE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
ANNUAL AUDIT	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TRUSTEE FEES	$0	$0	$0	$0	$4,041	$0	$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	$2,917	$2,917	$2,917	$2,917	$2,917	$0	$0	$0	$0	$0	$0	$0	$14,583	
INFORMATION TECHNOLOGY	$108	$108	$108	$108	$108	$0	$0	$0	$0	$0	$0	$0	$542	
WEBSITE MAINTENANCE	$67	$67	$67	$67	$67	$0	$0	$0	$0	$0	$0	$0	$333	
TELEPHONE	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
POSTAGE	$3	$1	$4	$2	$30	$0	$0	$0	$0	$0	$0	$0	$40	
INSURANCE	$5,375	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,375	
PRINTING & BINDING	$11	$3	$12	$3	$7	$0	$0	$0	$0	$0	$0	$0	$36	
LEGAL ADVERTISING	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
OTHER CURRENT CHARGES	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
OFFICE SUPPLIES	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1	
DUES, LICENSES & SUBSCRIPTIONS	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	

E1Il!!;

FIELD SERVICES		$625	$625	$625	$625	$625	$0	$0	$0	$0	$0	$0	$0	$3,125	
PROPERTY INSURANCE		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
ELECTRIC		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
STREETLIGHTS		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
WATER & SEWER		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
LANDSCAPE MAINTENANCE		$0	$6,453	$B,066	$8,066	$8,066	$0	$0	$0	$0	$0	$0	$0	$30,651	
LANDSCAPE CONTINGENCf		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
IRRIGATION REPAIRS		$0	$0	$0	455	$0	$0	$0	$0	$0	$0	$0	$0	$455	
LAKE MAINTENANCE	\	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
PRESSURE WASHING		$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	
CONTINGENCY		$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
TOTAL EXPENDITURES	I	St6,93l	$13,159	$12,977	$1 .457	$17,887	$0	$0	$0	$0	$0	$0	$0	$76,4141	
EXCESS REVENUES (EXPENDITURES)	I	1si,m•1	$46,630	$145,151	!$15,4571	1s11,881J	$0	$0	$0	$0	$0	$0	$0	$156,331 1	

5

STOREY DRIVE
Community Development District Developer Contributions/Due from Developer

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

12	
8/26/22	
9/7/22	
$	5,375.00	
$	5,375.00	
$	
$	5,375.00	
$	
$	
13	9/14/22	10/20/22	$	10,022.09	$	10,022.09	$	5,022.09	$	5,000.00	$	$	
1	10/27/22	11/15/22	$	7,962.19	$	7,962.19	$	3,509.00	$	4,453.19	$	$	

[Due from Developer	$	23,359.28	$	23,359.28	$	8,531.09	$	14,828.19	$	$	
							
Total Developer Contributions FY23		$	14,828.19					

6

STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT
LONG TERM DEBT REPORT

SERIES 2022, SPECIAL ASSESSMENT BONDS	
INTEREST RATES:	
2.550%, 3.000%, 3.250%, 4.000%	
MATURITY DATE:	6/15/2052	
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$268,106	
RESERVE FUND BALANCE	$268,106	
BONDS OUTSTANDING-1/27/22	$9,710,000	
	$0	
CURRENT BONDS OUTSTANDING	$9,710,000	

7

STOREY DRIVE
COMMUNITY DEVELOPMENT DISTRICT

Gross Assessments $	441,788	$	164,648	$	277,141	
Net Assessments $	415,281	$	154,769	$	260,512	

SPECIAL ASSESSMENT RECEIPTS - FY2023 TAX COLLECTOR

Date Received	

Dist.	
Gross Assessments Received	
Discounts/ Penalties	
Commissions Paid	
Interest Income	
Net Amount Received	
General Fund 37.27%	Debt Service Series2022
62.73%	
Total 100%	

12/12/22	
5	
$	$	
$	$	
176.93	
$	176.93	
$	65.94	
$	110.99	
$	176.93	
12/19/22	6	$	441,788.39	$  17,671.59	$	$		$ 424,116.80	$  158,061.85	$	266,054.95	$  424,116.80	
3/14/23	10	$	$	$	$	1,769.45	$	1,769.45	$	659.45	$	1,110.00	$	1,769.45	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	
		$	$	$	$		$	$	$	$	

Totals		$	441,788.39	$  17,671.59	$	$	
1946.38	$ 426,063.18	s  158 787.23	$	267,275.95	$ 426,063.18	

DIRECT BILLED ASSESSMENTS

Lennar Homes LLC	$335,487.21	$59,788.93	$275,698.28

DATE
RECEIVED	DUE
DATE	CHECK
NO.	NET ASSESSED	AMOUNT
RECEIVED	Operation
& Maintenance	Debt Service
Series 2022	
11/15/22	11/1/22	1914730	$	167,743.61	$ 167,743.61	$	29,894.47	$	137,849.14	
11/15/22	2/1/23	1914730	$	83,871.80	$  83,871.80	$	14,947.23	$	68,924.57	
11/15/22	5/1/23	1914730	$	83,871.80	$  83,871.80	$	14,947.23	$	68,924.57	
			$	335,487.21	$ 335,487.21	$	59 788.93	$	275 698.28	

8

Storey Drive
Community Development District

Special Assessment Bonds, Series 2022

Date	Requisition#	Contractor	Description	Requisitions	
Fiscal Year 2022					
5/20/22	1	Poulos & Bennett, LLC	lnvs #19-060(37) & 19-060(42) - Prep. Developer Reimb.	S	4,020.00	
		TOTAL		$	4,020.00	

Fiscal Year 2022					
2/1/22		Interest		$	7.48	
2/2/22		Transfer from Reserve		$	0.22	
3/1/22		Interest		$	42.45	
3/2/22		Transfer from Reserve		$	1.25	
4/1/22		Interest		s	46.35	
4/4/22		Transfer from Reserve		$	1.36	
5/2/22		Interest		$	44.86	
5/3/22		Transfer from Reserve		s	1.32	
6/1/22		Interest		s	1,23i.82	
6/2/22		Transfer from Reserve		$	36.26	
7/1/22		Interest		$	3,843.45	
7/5/22		Transfer from Reserve		$	113.06	
8/1/22		Interest		$	7,381.39	
8/2/22		Transfer from Reserve		$	217.05	
9/1/22		Interest		$	11,951.71	
9/2/22		Transfer from Reserve		$	351.14	
		TOTAL		$	25,272.17	

Acquisition/Construction Fund at 1/27/22	
$ 9,116,917.56	
Interest Earned thru 9/30/22	$	25,272.17	
Requisitions Paid thru 9/30/22	$	(4,020.00)	

Remaining Acquisition/Construction Fund	 $ 9,138,169.73 

Date	Requisition #	Contractor	Description	Requisitions	
Fiscal Year 2023
10/17/22	
2	
Poulos & Bennett, LLC	
lnvs #19-060(50) & 19-060(53) - Prep. Developer Reimb.	
$	1,177.50	
11/23/22	3	Poulos & Bennett, LLC	Inv #19-060(56) - Infrastructure Construction Updates	$	165.00	
		TOTAL		$	1,342.S0	

Fiscal Year 2023					
10/3/22		Interest		$	13,780.64	
10/4/22		Transfer from Reserve		$	404.33	
11/1/22		Interest		s	18,717.37	
11/2/22		Transfer from Reserve		$	548.41	
12/1/22		Interest		s	23,404.15	
12/2/22		Transfer from Reserve		$	684.28	
12/21/22		Interest		$	11.31	
12/22/22		Transfer from Reserve		$	0.33	
1/3/23		Interest		$	26,835.48	
1/4/23		Transfer from Reserve		$	782.58	
2/1/23		Interest		$	28,637.48	
2/2/23		Transfer from Reserve		$	832.80	
		TOTAL		$  114,639.16	

Acqulsition/Constructian Fund at 9/30/22	
$ 9,138,169.73	
Interest Earned thru 2/28/23	$  114,639.16	
Requisitions Paid thru 2/28/23	$	(1,342.50)	
Remaining Acquisition/Construction Fund	
 $ 9,251,466.39 	

9

SECTION 3

REBATE REPORT
$9,710,000
Storey Drive Community Development District
(City of Orlando, Florida)
Special Assessment Bonds Series 2022

Dated: January 27, 2022
Delivered: January 27, 2022

Rebate Report to the Computation Date January 27, 2025
Reflecting Activity To January 31, 2023

---	..

i■■■i
AMTEC

TABLE OF CONTENTS

AMTEC Opinion	3
Summary of Rebate Computations	4
Summary of Computational Infonnation and Definitions	5
Methodology	7
Sources and Uses	8
Proof of Arbitrage Yield	9
Bond Debt Service	10
Arbitrage Rebate Calculation Detail Report - Acquisition and Construction Fund	12
Arbitrage Rebate Calculation Detail Report- Capitalized Interest Fund	13
Arbitrage Rebate Calculation Detail Report - Cost of Issuance Fund	14
Arbitrage Rebate Calculation Detail Report - Debt Service Reserve Fund	15
Arbitrage Rebate Calculation Detail Report - Rebate Computation Credit	16

-...-

ihAMTEC
! 	!   American Munidpal Tax-Exempt Compliance

90 Avon Meadow Lane Avon, CT 06001
(T) 860-321-7521
(F) 860-321-7581
www.amteccorp.com

March 3, 2023

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

Re:		$9,710,000 Storey Drive Community Development District, (City of Orlando, Florida), Special Assessment Bonds, Series 2022

Dear Ms. Viscarra:

AMTEC has prepared certain computations relating to the above referenced bond issue (the ''Bonds") at the request of Storey Drive Community Development District (the "District").

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the futernal Revenue Code of 1954, Section 148(-f) of the Internal Revenue Code of 1986, as amended s(the "Code"), and all applicable Regulations issued thereWider. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational fuformation and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information
:furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of January 31, 2024. Thank you for this engagement and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President

SUMMARY OF REBATE COl\IPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the January 27, 2025 Computation Date
Reflecting Activity from January 27, 2022 through January 31, 2023

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitraee	
Acquisition and Construction Fund	1.471894%	$136.157.52	$(179 885.07)	
Capitalized Interest Fund	0.060640%	30.14	(1 743.80)	
Cost oflssuance Fund	0.000000%	0.00	(2.86)	
Debt Service Reserve Fund	1.467117%	3,980.57	(5,290.41)	
Totals	1.464384%	$140,168.23	$(186.922.14)	
Bond Yield	3.288207%		
Rebate Computation Credit	(2.092.11)	
Net Rebatable Arbitrae:e	$(189.014.25)	

Based upon our computations, no rebate liability exists.

4

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For the purpose of computing Rebatable Arbitrage, investment activity is reflected from January 27, 2022, the date of the closing, to January 31, 2023, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of January 27, 2025.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between February 1, 2010 and January 31, 2023, the District made periodic payments into the Interest Fund and Sinking Fund (collectively, the ''Debt Service Funds"), which were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(±) (4) (A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or I/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Funds and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
January 27, 2025.

Computation Period
The period beginning on January 27, 2022, the date of the closing, and ending on January 31, 2023.

BondYear
Each one-year period (or shorter period from the date of issue) that ends at the close of business on January 2 ,  the day in the calendar year that was selected by the Issuer, or the final redemption date of the Bonds.

5

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Fund	Account Number	
Revenue	252703000	
Interest	252703001	
Sinking	252703002	
Reserve	252703003	
Prepayment	252703004	
Acquisition and Construction	252703005	
Cost oflssuance	252703006	

6

METHODOLOGY

Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of January 31, 2023, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to January 27, 2025. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on January 27, 2025, is the Rebatable Arbitrage.

7

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022 Delivered: January 27, 2022

Sources of Funds

Par Amount	$9.710.000.00	
Net Orieinal Issue Premium	209.766.10	
Total	$9,919,766.10	

Uses of Funds

Acquisition and Construction Fund	$9,116,917.56	
Capitalized Interest Fund	129.667.29	
Cost of Issuance Fund	210.875.00	
Debt Service Reserve Fund	268.106.25	
Underwriter's Discount	194.200.00	
Total	$9.919.766.10	

8

Prepared by AMTEC	(Finance 8.90I)

PROOF OF ARBITRAGE YIELD

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022

Date	

Debt Service	Present Value
to 01/27/2022 @ 3.2882067646%	
06/15/2022	129,667.29	128,056.24	
12/15/2022	169,131.25	164,328.16	
06115/2023	369,131.25	352,847.27	
12/1512023	166,581.25	156,657.02	
06/15/2024	371,581.25	343,791.68	
12/15/2024	163,967.50	149,250.97	
06/15/2025	373,967.50	334,896.84	
12/15/2025	161,290,00	142,102.74	
06/15/2026	376,290,00	326,163.59	
12/15/2026	158,548.75	135,205.21	
06/15/2027	378,548,75	317,592.51	
12115/2027	155,743.75	128,551.42	
06/15/2028	380,743,75	309,183.87	
12/15/2028	152,368.75	121,730.Q4	
06/15/2029	387,368,75	304,469.82	
12/15/2029	148,843,75	115,098.08	
06/15/2030	388,843,75	295,821.96	
12/15/2030	145,243,75	108,710.27	
06/15/2031	390,243.75	287,360.37	
12/1512031	141,568.75	102,559.55	
06/15/2032	4,801,568.75	3,422,233.89	
12/15/2032	49,643.75	34,810.39	
06/15/2033	314,643.75	217,060.73	
12/15/2033	45,337,50	30,770.71	
06/15/2034	315,337.50	210,558.80	
12/15/2034	40,950,00	26,901.07	
06/15/2035	320,950,00	207,429.62	
12/15/2035	36,400,00	23,144,76	
06/15/2036	326,400.00	204,182.81	
12/15/2036	31,687,50	19,501.81	
06/15/2037	331,687.50	200,832,39	
12/15/2037	26,812.50	15,972,02	
06/15/2038	336,812.50	197,391.51	
12/15/2038	21,775.00	12,554,99	
06/15/2039	341,775.00	193,872.49	
12/15/2039	16,575.00	9,250.12	
06115/2040	346,575.00	190,286.83	
12/15/2040	11,212.50	6,056.64	
06/15/2041	351,212.50	186,645.32	
12/15/2041	5,687.50	2,973.63	
06115/2042	355,687.50	182,957.98	
	13,538,404.79	9,919,766.10	
	
Proceeds Summ rv		

Delivery date	

01/27/2022	
Par Value	9,710,000.00	
Premium (Discount)	209,766.10	
Target for yield calculation	9,919,766,10	

9

Prepared by AMTEC	(Finance 8.90I)

BOND DEBT SERVICE

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022

Period Ending	
Principal	
Coopon	
Interest	
Debt Service	Annual
Debt Service	

0Jn7/2022						
06/15/2022			129,667.29	129,667.29	129,667.29	
12/15/2022			169,131.25	169,131.25		
06/15/2023	200,000	2.550%	169,131.25	369,131.25	538,262.50	
12/15/2023			166,581.25	166,581.25		
06/15/2024	205,000	2.550%	166,581.25	371,581.25	538,162.SO	
12/15/2024			163,967.50	163,967.50		
06/15/2025	210,000	2.550%	163,967.50	373,967.50	537,935.00	
12/15/2025			161,290.00	161,290.00		
06/15/2026	215,000	2.550%	161,290.00	376,290.00	537,580.00	
12/15/2026			158,548.75	158,548.75		
06/15/2027	220,000	2.550%	158,548.75	378,548.75	537,097.50	
12115/2027			155,743.75	155,743.75		
06/15/2028	225,000	3.000%	155,743.75	380,743.75	536,487.50	
12115/2028			152,368.75	152,368.75		
06/15/2029	235,000	3.000%	152,368.75	387,368.75	539,737.50	
12115/2029			148,843.75	148,843.75		
06/15/2030	240,000	3.000%	148,843.75	388,843.75	537,687.50	
12115/2030			145,243.75	145,243.75		
06/15/203 I	245,000	3.000%	145,243.75	390,243.75	535,487.50	
12115/2031			141,568.75	141,568.75		
06/15/2032	255,000	3.000%	141,568.75	396,568.75	538,137.50	
12115/2032			137,743.75	137,743.75		
06/15/2033	265,000	3.250%	137,743.75	402,743.75	540,487.50	
12115/2033			133,437.50	133,437.50		
06/15/2034	270,000	3.250%	133,437.50	403,437.50	536,875.00	
12115/2034			129,050.00	129,050.00		
06115/2035	280,000	3.250%	129,050.00	409,050.00	538,100.00	
12115/2035			124,500.00	124,500.00		
06115/2036	290,000	3.250%	124,500.00	414,500.00	539,000.00	
12/15/2036			I 19,787.50	119,787.50		
06/15/2037	300,000	3.250%	I 19,787.50	419,787.50	539,575.00	
12/15/2037			114,912.50	114,912.50		
06/15/2038	310,000	3.250%	114,912.50	424,912.50	539,825.00	
12115/2038			109,875.00	109,875.00		
06/15/2039	320,000	3.250%	109,875.00	429,875.00	539,750.00	
12/15/2039			104,675.00	104,675.00		
06/15/2040	330,000	3.250%	104,675.00	434,675.00	539,350.00	
12/15/2040			99,312.50	99,312.50		
06/15/2041	340,000	3.250%	99,312.50	439,312.50	538,625.00	
12/15/2041			93,787.50	93,787.50		
06/15/2042	350,000	3.250%	93,787.50	443,787.50	537,575.00	
12/15/2042			88,100.00	88,100.00		
06/15/2043	365,000	4.000%	88,100.00	453,100.00	541,200.00	
12/15/2043			80,800.00	80,800.00		
06/15/2044	380,000	4.000%	80,800.00	460,800.00	541,600.00	
12/15/2044			73,200.00	73,200.00		
06/15/2045	395,000	4.000%	73,200.00	468,200.00	541,400.00	
12115/2045			65,300.00	65,300.00		
06/15/2046	410,000	4.000%	65,300.00	475,300.00	540,600.00	
12/15/2046			57,100.00	57,100.00		
06/15/2047	430,000	4.000%	57,100.00	487,100.00	544,200.00	
12/15/2047			48,500.00	48,500.00		
06/15/2048	445,000	4.000%	48,500.00	493,500.00	542,000.00	
12/15/2048			39,600.00	39,600.00		
06/15/2049	465,000	4.000%	39,600.00	504,600.00	544,200.00	
12115/2049			30,300.00	30,300.00		
06/15/2050	485,000	4.000%	30,300.00	515,300.00	545,600.00	

10

Prepared by AMTEC
====

(Finance 8.901)

BOND DEBT SERVICE

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022

Period
Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual
Debt Service	
12/15/2050			20,600.00	20,600.00		
06/15/2051	505,000	4.000%	20,600.00	525,600.00	546,200.00	
12/15/2051			10,500.00	10,500.00		
06/15/2052	525,000	4.000%	10,500.00	535,500.00	546,000.00	
	9,710,000		6,618,404.79	16,328,404.79	16,328,404.79	

11

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022 Acquisition and Construction Fund

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE@
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)

01/27/22	Beg	Bal	-9,116,917.56	-10,054,052.83	
02/02/22			-0.22	-0.24	
03/02/22			-1.25	-1.37	
04/04/22			-1.36	-1.49	
05/03/22			-1.32	-1.44	
05/20/22			4,020.00	4,388.07	
06/02/22			-36.26	-39.54	
07/05/22			-ll3.06	-122.91	
08/02/22			-217.05	-235.38	
09/02/22			-351.14	-379.76	
10/04/22			-404.33	-436.02	
10/17/22			1,177.50	1,268.31	
ll/02/22			-548.41	-589.90	
ll/23/22			165.00	177.15	
12/02/22			-684.28	-734.05	
12/22/22			-0.33	-0.35	
01/04/23			-782.58	-837.07	
01/31/23	Balance	9,221,996. ll	9,840,918.95	
01/31/23	Accrual	28,858.06	30,794.83	
01/27/25	TOTALS:	136,157.52	-179,885.07	

ISSUE DATE:	01/27/22	REBATABLE ARBITRAGE:	-179,885.07	
COMP DATE:	01/27/25	NET INCOME:	136,157.52	
BOND YIELD:	3.288207%	TAX INV YIELD:	1.471894%	

12

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022 Capitalized Interest Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE@ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)	
01/27/22	Beg Bal	-129,667.29	-142,995.89	
02/02/22	0.11	0.12	
03/02/22	0.60	0.66	
04/04/22	0.66	0.72	
05/03/22	0.64	0.70	
06/02/22	17.54	19.13	
06/15/22	129,667.29	141,219.25	
07/01/22	10.59	11.52	
01/27/25	TOTALS:	30.14	-1,743.80	

ISSUE DATE:	01/27/22	REBATABLE ARBITRAGE:	-1,743.80	
COMP DATE:	01/27/25	NET INCOME:	30.14	
BOND YIELD:	3.288207%	TAX INV YIELD:	0.060640%	

13

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022 Cost of Issuance Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE@ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)	
01/27/22	Beg Bal	-210,875.00	-232,551.01	
01/27/22	55,000.00	60,653.49	
01/27/22	46,000.00	50,728.38	
01/27/22	33,500.00	36,943.49	
01/27/22	6,000.00	6,616.74	
01/27/22	1,500.00	1,654.19	
01/27/22	63,150.00	69,641.24	
02/02/22	5,725.00	6,310.62	
01/27/25	TOTALS:	0.00	-2.86	

ISSUE DATE: 01/27/22 COMP DATE: 01/27/25 BOND YIELD: 3.288207%

REBATABLE ARBITRAGE:	-2.86
NET INCOME:	0.00
TAX INV YIELD:	0.000000%

14

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022 Debt Service Reserve Fund

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE@ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)	
01/27/22	Beg Bal	-268,106.25	-295,665.11	
02/02/22	0.22	0.24	
03/02/22	1.25	1.37	
04/04/22	1.36	1.49	
05/03/22	1.32	1.44	
06/02/22	36.26	39.54	
07/05/22	113.06	122.91	
08/02/22	217.05	235.38	
09/02/22	351.14	379.76	
10/04/22	404.33	436.02	
11/02/22	548.41	589.90	
12/02/22	684.28	734.05	
12/22/22	0.33	0.35	
01/04/23	782.58	837.07	
01/31/23	Balance	268,106.25	286,099.87	
01/31/23	Accrual	838.98	895.29	
01/27/25	TOTALS:	3,980.57	-5,290.41	

ISSUE DATE:	01/27/22	REBATABLE ARBITRAGE:	-5,290.41	
COMP DATE:	01/27/25	NET INCOME:	3,980.57	
BOND YIELD:	3.288207%	TAX INV YIELD:	1.467117%	

15

$9,710,000
Storey Drive Community Development District (City of Orlando, Florida)
Special Assessment Bonds, Series 2022 Rebate Computation Credit

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE@ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(3.288207%)	
01/27/23	-1,960.00	-2,092.11	
01/27/25	TOTALS:	-1,960.00	-2,092.11	

ISSUE DATE: COMP DATE:

01/27/22
01/27/25

REBATABLE ARBITRAGE: -2,092.11

BOND YIELD: 3.288207%

16

Section 4

LANDOWNER PROXY LANDOWNERS' MEETING- NOVEMBER 7, 2023

STOREY DRIVE 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 Storey Drive Community Development District to be held at The Offices of GMS-CF, LLC, 219 E. Livingston Street, Orlando, Florida 32801 on November 7, 2023 at 10:00 AM, 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 ofan 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 landowner's 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