Woodland Crossing Community Development District

Meeting Agenda May 15, 2025

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Woodland Crossing
Community Development District

219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
May 8, 2025

Board of Supervisors Meeting
Woodland Crossing Community Development District
Dear Board Members:

A meeting of the Board of Supervisors of the Woodland Crossing Community Development District will be held on Thursday, May 15, 2025 at 10:00 AM at the Bushnell Public Library, 402 N Florida Avenue, Bushnell, Florida 33513.

Zoom Video Link: https://us06web.zoom.us/j/85237915547
Call-In Information: 1-646-876-9923
Meeting ID: 852 3791 5547

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (Public Comments are limited to three (3) minutes each)
Organizational Matters
Administration of Oath of Office to Newly Elected Board Member Brent Elliott (Seat #3) (Elected/Appointed at the February 27, 2025 Board Meeting)
Approval of Minutes of the February 27, 2025 Board of Supervisors Meeting
Consideration of Resolution 2025-03 Supplemental Assessment Resolution (Series 2025 Bonds)
Consideration of Resolution 2025-04 Ratifying Series 2025 Bonds
Consideration of Disclosure of Public Financing
Consideration of Resolution 2025-05 Approving the Proposed Fiscal Year 2025/2026 Budget and Setting the Public Hearing on the Adoption of the Fiscal Year 2025/2026 Budget (Suggested Date: July 17, 2025)
Staff Reports
Attorney
Engineer
District Manager’s Report
Ratification of Funding Requests #10 through #12
Balance Sheet & Income Statement
Presentation of Number of Registered Voters—0
Other Business
Supervisors Requests and Audience Comments
Adjournment

MINUTES

MINUTES OF MEETING WOODLAND CROSSING
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Woodland Crossing Community Development District was held Thursday, February 27, 2025, at 10:07 a.m. at the E C Rowell Public Library, 2810 CR-478A, Webster, Florida.

Present and constituting a quorum:

Milton Andrade	Chairman
Brian Walsh	Vice Chairman
Garret Parkinson	Assistant Secretary
Kareyann Ellison	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Katie O’Rourke	GMS
Roy Van Wyk by Zoom	District Counsel, Kilinski Van Wyk
Chace Arrington by Zoom	District Engineer, Dewberry
Joey Duncan by Zoom	District Engineer, Dewberry
Ashton Bligh by Zoom	Bond Counsel, Greenberg Traurig

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order at 10:07 a.m. and called roll. Four Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns stated no members of the public were present.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Jeffrey Shenefield
Ms. Burns stated that they received a letter of resignation from Mr. Jeffrey Shenefield. She asked for a motion to accept the resignation.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, the Acceptance of the Resignation of Jeffrey Shenefield was approved.

Appointment to Fill Vacant Board Seat #3
Ms. Burns announced the vacancy for Board Seat #3 and asked if anyone had any nominations. Mr. Walsh nominated Mr. Brent Elliott.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, the Appointment to Fill Vacant Board Seat #3 with Brent Elliott, was approved.

Administration of Oath to Newly Appointed Supervisor
Ms. Burns stated that Mr. Elliott was not attending that day and they would swear him in at a later date.

Consideration of Resolution 2025-02 Appointing an Assistant Secretary
Ms. Burns stated this would appoint Mr. Brent Elliott as Assistant Secretary.

On MOTION by Mr. Walsh, seconded by Ms. Andrade, with all in favor, the Resolution 2025-02 Appointing Brent Elliott as an Assistant Secretary, was approved.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the September
19, 2024, Board of Supervisors Meetings
Ms. Burns presented the minutes from the September 19, 2024 Board of Supervisor meetings. She asked for any questions, comments, or corrections to those minutes. The Board had no changes to the minutes.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, the Minutes of the September 19, 2024 Board of Supervisors Meeting, were approved.

FIFTH ORDER OF BUSINESS	Presentation and Approval of Amended
and Restated Engineer’s Report dated January 23, 2025
Ms. Burns asked Mr. Arrington to review the amended and restated Engineer’s Report dated January 23, 2025. Mr. Arrington instructed everyone to look at page #15 of the report in the

packet. He stated that this report was about the Community Development District, which contained approximately 154.69 acres and would consist of 534 residential lots. Mr. Arrington stated that they had estimated the cost of constructing the two phases for Woodland Crossing CDD to be
$22,611,270.00. Mr. Arrington noted that they had no reason to believe that the improvements couldn’t be instructed for the cost described in the report.
Mr. Van Wyk asked if the costs were reasonable for the improvements that were outlined in the report. Ms. Burns and Mr. Arrington answered yes.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, the Amended and Restated Engineer’s Report dated January 23, 2025, was approved.

SIXTH ORDER OF BUSINESS	Presentation and Approval of Preliminary
Supplemental Assessment Methodology Report for Assessment Area One dated February 20, 2025
Ms. Burns stated that the next item was the Preliminary Supplemental Assessment Methodology Report for Assessment Area One dated February 20, 2025. Ms. Burns added that the supplemental report was based on the most recent bond sizing they had received from FMS, which would outline the series of bonds. She added that table #1 showed the Development Program. She noted that there were 296 lots in this assessment area. Table #2 shows the infrastructure cost estimates outlined in the Engineer’s report for the project. Table #3 revealed their estimated bond sizing of $14,165,000. Table #4 shows the improvement cost per unit for the single family 50’ and single family 60’ lots. Table #5 shows the par debt per unit. It was $44,997 for the 50’ lots and
$53,996 on the 60’ lots. Table #6 breaks down the net and gross annual debt per unit. Ms. Burns stated that the gross annual debt assessment collected on the Sumter County tax bill for the 50’ lots would be $3,422 and the 60’ lots are $4,106.39. Ms. Burns stated that table #7 showed their preliminary assessment roll. One landowner here has 93.42 acres in this assessment area. A legal description is attached as well.
Mr. Van Wyk asked Ms. Burns if she thought the cost of the improvements and the amount proposed lien on the parcels were equal to or greater than the benefit received by the construction of the improvement plan. Ms. Burns answered yes, it was. Mr. Van Wyk asked if it was her opinion

that the assessments set forth in her report were fairly and reasonably apportioned across the different product types. Ms. Burns replied yes.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, the Preliminary Supplemental Assessment Methodology Report for Assessment Area One dated February 20, 2025, was approved.

SEVENTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-01
Delegation Resolution (Series 2025 Bonds)
Ms. Bligh stated that this was Delegation Resolution 2025-01, a supplemental resolution contemplated when the Board adopted the original resolution in June 2024. This resolution contained documents as exhibits to sell one series of bonds to provide funds to pay all or a portion of the public infrastructure costs for 296 residential lots. Ms. Bligh added that attached to Schedule 1 is a list pulled from the Engineer’s Report they had previously approved. Ms. Bligh said that there were forms of a document attached to the resolution and that they were listed on page 3. She noted that the documents included a first supplemental indenture, a bond purchase contract, a preliminary limited offering memorandum, and Continuing Disclosure Agreement. Ms. Bligh stated a few items she wanted to point out: Florida Law requires specific findings, and you don’t have to make a public offering. Those findings are listed under Section 4 or Section 5 and were to include the parameters for the bonds, which included any optional redemption of what they call the Series 2025 Bonds, which will be determined at the pricing of the Series 2025 Bonds. The interest rate on these Series 2025 Bonds shall not exceed the maximum statutory rate. The aggregate principal amount of the series 2025 bonds shall not exceed $18,000,000.00. The series 2025 bonds will have final maturity not later than the maximum term allowed by Florida law, which is currently 30 years of principal amortization. Then, the price at which the series 2025 bonds shall be sold to the underwriters shall not exceed 98% of the aggregate face amount of the series 2025 bonds, exclusive of the original issue discount. Under section 9, you authorized the Chair, Secretary, or their respective designees to execute and deliver documents and instruments regarding the issuance of the Series 2025 bonds.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, Resolution 2025-01 Delegation Resolution (Series 2025 Bonds), was approved.

EIGHTH ORDER OF BUSINESS	Consideration	of	Series	2025	Project
Ancillary Documents
True-Up Agreement
Mr. Van Wyk stated they had a series of ancillary documents to be used as part of the financing. He noted that many of these documents had been seen before and were pretty much the same. Mr. Van Wyk added that they would adjust these documents to reflect the landowner and/or developer project manager as they got closer to the actual financing. Mr. Van Wyk stated that some of the papers refer to Clayton Properties. We know there is a different landowner, and we’ll correct that as we go through them, but we’re asking for these approvals and substantial forms.
Mr. Van Wyk noted that the first agreement designates the developer landowner agreeing to make a true up payment. He said they had developed fewer ERUs than Jill had in her report, which had just been approved. Any combination of the size of lots, if you don’t exceed or as long as you're not under the assigned ERUs; if so, an actual payment could be required.

Completion Agreement
Mr. Van Wyk stated that this agreement said the landowner agrees to complete the project as outlined in the Engineer’s Report to the extent there are insufficient bond proceeds resulting from the bond issuance. Mr. Van Wyk added that the Engineer’s Report declaration of consent acknowledges that the landowner and developer recognize that the District is validly established, that they understand that there are assessments in place and that they won't challenge those assessments. In the future, all the procedures that were taken to get us to the bond issuance must follow the law's requirements.

Acquisition Agreement
Mr. Van Wyk stated that the acquisition agreement sets forth the procedures by which the District will acquire completed infrastructure, as indicated in the Engineers report. It talks about acquiring real property, the procedures for taking ownership, and the ultimate operations of the improvements.

Collateral Assignment Agreement
Mr. Van Wyk said the collateral assignment agreement just stated that to the extent there was a failure of the developer landowner to pay, they agreed to assign all their development rights to the bondholder and the District for the benefit of the bondholders so that we can complete the project as outlined in the Engineer’s Report.

Declaration of Consent
Mr. Van Wyk stated that the Declaration of Consent was an acknowledgment by the landowner and developer that the District is validly established and that they understand that there are assessments in place. They’re not going to challenge those assessments in the future. All the procedures that were taken to get them to the bond issuance have been done following the requirements of the law.

Notice of Special Assessments
Mr. Van Wyk stated that the Notice of Special Assessments, a document that needs to be recorded once we issue the bonds so that the public has knowledge and title companies will know that there is a special assessment in place of the bonds.
Mr. Van Wyk stated that if the Board had any questions, he could answer them with respect to the individual agreements. He added that they were looking for approval and substantial form and allowing the District staff and the District Chairman to execute those agreements as part of the bond issuance.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, the Series 2025 Project Ancillary Documents, were approved in substantial form.

NINTH ORDER OF BUSINESS	Consideration of Letter for Underwriter
Services from FMS Bonds for Series 2025 Bonds
Ms. Burns stated this was just their engagement letter for this first series of bonds.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, all in favor, the Letter for Underwriter Services from FMS Bonds for Series 2025 Bonds, was approved.

TENTH ORDER OF BUSINESS	Ratification of Notice of Commencement
Ms. Burns stated that this had authorized the site contractor, Hughes Brothers, to begin construction. Ms. Burns added that it had already been executed, and they sought a motion to ratify.

On MOTION by Mr. Walsh, seconded by Mr. Andrade, with all in favor, the Notice of Commencement, was ratified.

ELEVENTH ORDER OF BUSINESS	Ratification of Assignment of Contractor
Agreement for Phase 1
Ms. Burns stated that this agreement assigns the contract from Clayton Properties Group, who initially entered into that contract with Hughes Brothers, and assigns it to the CDD again, which has already been executed.

On MOTION by Mr. Andrade, seconded by Mr. Walsh, with all in favor, the Assignment of Contractor Agreement for Phase 1, was ratified.

TWELFTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Van Wyk had nothing to report.
Engineer
Ms. Burns noted that there was nothing from the Engineer. .
District Manager’s Report
Ratification of Funding Requests #5 through #9
Ms. Burns noted that funding requests #5 and #9 have already been approved and funded and just need to be ratified by the Board.

On MOTION by Mr. Andrade, seconded by Ms. Ellison, with all in favor, Funding Requests #5 through #9, were ratified.

Balance Sheet & Income Statement
Ms. Burns asked for approval of the Balance Sheet & Income Statement.

THIRTEENTH ORDER OF BUSINESS	Other Business
There being no comments, and the next item followed.

FOURTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

FIFTEENTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked the Board for adjournment.

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

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

RESOLUTION NO. 2025-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT SETTING FORTH THE SPECIFIC TERMS OF THE DISTRICT’S SPECIAL ASSESSMENT BONDS, SERIES 2025; CONFIRMING THE DISTRICT’S PROVISION OF ASSESSMENT AREA ONE IMPROVEMENTS; CONFIRMING THE ENGINEER’S REPORT AND SUPPLEMENTAL ASSESSMENT REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SPECIAL ASSESSMENT BONDS, SERIES 2025; PROVIDING FOR THE APPLICATION OF TRUE-UP PAYMENTS; PROVIDING FOR THE SUPPLEMENTATION OF THE IMPROVEMENT LIEN BOOK; PROVIDING FOR THE RECORDING OF A NOTICE OF ASSESSMENT AREA ONE SPECIAL ASSESSMENTS; PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE

WHEREAS, the Woodland Crossing Community Development District (“District”) has previously indicated its intention to undertake, install, establish, construct or acquire certain public improvements and to finance such public improvements through the imposition of special assessments on benefited property within the District and the issuance of bonds; and

WHEREAS, the District’s Board of Supervisors (“Board”) has previously adopted, after notice and public hearing, Resolution 2024-36 (the “Assessment Resolution”), relating to the imposition, levy, collection, and enforcement of master special assessments on the lands within the District; and

WHEREAS, pursuant to and consistent with the terms of the Assessment Resolution, this Resolution shall set forth the terms of bonds actually issued by the District, and apply the adopted special Assessment Report, defined herein, to the actual scope of the project to be completed with a series of bonds and the terms of the bond issue;
WHEREAS, on April 15, 2025, the District entered into a Bond Purchase Contract whereby it agreed to sell $14,300,000 of its Special Assessment Bonds, Series 2025 (the “Series 2025 Bonds”); and

WHEREAS, pursuant to and consistent with the Assessment Resolution, the District desires to set forth the particular terms of the sale of the Series 2025 Bonds and to confirm the liens of the levy of special assessments securing the Series 2025 Bonds.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including Chapters 170, 190 and 197, Florida Statutes, and the Assessment Resolution.

SECTION 2. FINDINGS. The Board of Supervisors of the Woodland Crossing Community Development District hereby finds and determines as follows:

On July 25, 2024, the District, after due notice and public hearing, adopted the Assessment Resolution, which, among other things, equalized, approved, confirmed and levied master special assessments on property benefiting from the improvements authorized by the District. The Assessment Resolution provides that as each series of bonds is issued to fund all or any portion of the District’s improvements, a supplemental resolution will be adopted to set forth the specific terms of each series of the bonds and certifying the amount of the liens of the special assessments securing any portion of the bonds, including interest, costs of issuance, the number of payments due, any True-Up amounts and the application of receipt of any True-Up proceeds.

The District has adopted the Woodland Crossing Community Development District Engineer’s Report, dated June 5, 2024, amended and restated January 23, 2025 (the “Engineer’s Report”), attached to this Resolution as Exhibit A, which identifies and describes the presently expected components of the infrastructure improvements for the District’s development phases identified as Phase 1 or Assessment Area One (the “Series 2025 Project”), to be financed all or in part with the Series 2025 Bonds (the “Improvements”), and estimates the costs of the Series 2025 Project to be $16,829,890.00. The District hereby confirms that the Series 2025 Project serves a proper, essential, and valid public purpose. The Engineer’s Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Series 2025 Bonds.

The District has adopted the Master Assessment Report for Woodland Crossing Community Development District, dated June 11, 2024 (the “Master Report”), as supplemented by the First Supplemental Assessment Report – Assessment Area One for Woodland Crossing Community Development District, dated April 15, 2025 (the “Supplemental Report” and together with the Master Report, the “Assessment Report”), attached to this Resolution as Composite Exhibit B. The Supplemental Report applies the Master Report to the terms of the Series 2025 Bonds. The Assessment Report is hereby approved, adopted, and confirmed. The District ratifies its use in connection with the sale of the Series 2025 Bonds.

The Series 2025 Project will specially benefit certain property within the District previously described herein as “Phase 1” or “Assessment Area One,” a legal description of which is attached hereto as Exhibit C. It is reasonable, proper, just and right to assess the portion of the costs of the Series 2025 Project financed with the Series 2025 Bonds to the specially benefited properties within the District as set forth in Resolution 2024-36 and this Resolution.

SECTION 3.	CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR
SERIES 2025 BONDS. As provided in the Assessment Resolution, this Resolution is intended to set forth the terms of the Series 2025 Bonds and the final amount of the liens of the special assessments securing those bonds. The Series 2025 Bonds, in a par amount of $14,300,000, shall

bear such rates of interest and maturity as shown on Exhibit D attached hereto. The final payment on the Series 2025 Bonds shall be due on May 1, 2056. The estimated sources and uses of funds of the Series 2025 Bonds shall be as set forth in Exhibit E. The debt service due on each series of the Series 2025 Bonds is set forth on Exhibit F attached hereto.

The lien of the special assessments securing the Series 2025 Bonds on the Series 2025 Project (the “Series 2025 Special Assessments”), shall be the principal amount due on the Series 2025 Bonds, together with accrued but unpaid interest thereon, and together with the amount by which annual assessments are grossed up to include early payment discounts required by law and costs of collection. The Series 2025 Bonds are secured solely by the lien against the Assessment Area One lands.

SECTION 4.	ALLOCATION OF ASSESSMENTS SECURING SERIES 2025 BONDS.

The special assessments for the Series 2025 Bonds are hereby allocated in accordance with Composite Exhibit B, which allocation may initially shall be on a per-acreage basis on un- platted lands and further allocated as lands are platted and upon individual platted lots. The Supplemental Report is consistent with the District’s Master Report. The Assessment Report, considered herein, reflects the actual terms of the issuance of the District’s Series 2025 Bonds. The estimated costs of collection of the special assessments for the Series 2025 Bonds are as set forth in the Assessment Report.

The lien of the special assessments securing the Series 2025 Bonds includes all property within the Assessment Area One, and as such land is ultimately defined and set forth in any plats, certificates of occupancy, or other designations of developable acreage.

Taking into account capitalized interest and earnings on certain funds and accounts as set forth in the Master Trust Indenture and the First Supplemental Trust Indenture, the District shall begin annual collection of special assessments for the payment due on November 1, 2025, for the Series 2025 Bonds debt service payments using the methods available to it by law. Debt service payments and semi-annual installments of interest are reflected in Exhibit G.

The District hereby certifies the special assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed by Sumter County and Florida law for collection. The District intends, to the extent possible and subject to entering into the appropriate agreements with the Sumter County Tax Collector and Sumter County Property Appraiser (or other appropriate Sumter County, Florida officials) to collect the Series 2025 Special Assessments on platted lands contained within a plat or certificate of occupancy using the Uniform Method in Chapter 197, Florida Statutes. The District intends, to the extent possible, to directly bill, collect and enforce the Series 2025 Special Assessments on lands not included within an approved plat or certificate of occupancy unless in any year, the District determines it to be in its best interest to collect such assessments using the Uniform Method in Chapter 197, Florida Statutes. The District Manager shall prepare or cause to be prepared each year an assessment roll for purposes of effecting the collection of the special assessments and present same to the District Board as required by law. The District Manager is further directed

and authorized to take all actions necessary to collect special assessments on property using methods available to the District authorized by Florida law in order to provide for the timely payment of debt service.

SECTION 5.	APPROVAL OF TRUE-UP PROCESS AND APPLICATION OF
TRUE-UP PAYMENTS. Pursuant to the Assessment Resolution there may be required from time to time certain True-Up payments. As parcels of land are included in a plat or certificate of occupancy or as platted lands may be re-platted, the special assessments securing the Series 2025 Bonds shall be allocated as set forth in the Assessment Resolution, this Resolution, and the Assessment Report, including, without limitation, the application of the True-Up process set forth in Section 8 of the Assessment Resolution.

Based on the final par amount of $14,300,000 in Series 2025 Bonds, the True-Up calculations will be made in accordance with the process set forth in the Assessment Report. The District shall apply all True-Up payments related to the Series 2025 Bonds only to the credit of the Series 2025 Bonds. All True-Up payments, as well as all other prepayments of assessments, shall be deposited into the accounts specified in the First Supplemental Indenture, dated as of April 1, 2025, governing the Series 2025 Bonds.

SECTION 6. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution the special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, city, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 7. OTHER PROVISIONS REMAIN IN EFFECT.	This Resolution is
intended to supplement the Assessment Resolution, which remains in full force and effect. This Resolution and the Assessment Resolution shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 8. ASSESSMENT NOTICE. The District’s Secretary is hereby directed to record a Notice of Lien of Special Assessments for Special Assessment Bonds, Series 2025 securing the Series 2025 Bonds in the Official Records of Sumter County, Florida, or such other instrument evidencing the actions taken by the District.

SECTION 9. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

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

APPROVED and ADOPTED this 15th day of May 2025.

ATTEST:	WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairperson/Vice Chairperson, Board of Supervisors

Exhibit A:	Woodland Crossing Community Development District Engineer’s Report,
dated June 5, 2024, amended and restated January 23, 2025
Comp. Exhibit B: Master Assessment Report for Woodland Crossing Community Development District, dated June 11, 2024, and First Supplemental Assessment Report – Assessment Area One for Woodland Crossing Community Development District, dated April 15, 2025
Exhibit C:	Legal Description of Phase 1 or Assessment Area One Exhibit D:	Maturities and Coupons of Series 2025 Bonds
Exhibit E:	Sources and Uses of Funds for Series 2025 Bonds Exhibit F:	Annual Debt Service Payment Due on Series 2025 Bonds

Exhibit A
Engineer’s Report

REFERENCE NO. 50167485

WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT
Engineer's Report
JUNE 05, 2024
AMENDED AND RESTATED JANUARY 23, 2025

SUBMITTED BY
Dewberry Engineers Inc. 800 North Magnolia Avenue Orlando, Florida 32803
407.843.5120

SUBMITTED TO
Woodland Crossing
Community Development District 219 East Livingston Street Orlando, Florida 32801
407.841.5524

ORIGINAL

Engineer's Report Table of Contents
Introduction	2
Purpose and Scope	3
The Development	3
Capital improvements	3
Capital improvement Plan Components	4
Stormwater Management Facilities	4
Public Roadways	4
Water and Wastewater Facilities	4
Off-Site Improvements	5
Amenities and Parks	5
Electric Utilities and Lighting	5
Entry Feature	5
Miscellaneous	5
Permitting	5
Recommendation	6
Report Modification	6
Summary and Conclusion	6
Engineer’s Certification	6
Table of Tables
Aerial Location Map	Exhibit 1
Legal Description	Exhibit 2

List of Exhibits
Land Use Map	Exhibit 4

Future Land Use Map	Exhibit 5

Drainage and Utilities Map	Exhibit 6

Summary of Proposed District Facilities	Exhibit 7

Summary of Probable Costs	Exhibit 7

Introduction
Woodland Crossing Community Development District (the “District” or “CDD”) is located entirely within unincorporated Sumter County (“County”), Florida. It is generally located along County Road 229, south of County Road 228, and north of State Road 44. The District contains approximately 154.69 acres and will consist of 534 residential lots with recreation/amenity areas, parks, and associated infrastructure for the development.

The CDD was established under the County’s ordinance O-24-06788, which was approved by the Sumter County Board of County Commissioners on 05-28-2024. The District will own and operate the public roadways and stormwater management facilities, as well as the landscape, irrigation, signage, and recreational facilities within the development.

The master developer (“Developer”) is Clayton Properties Group, Inc., which Florida division is based in Lakeland, Florida. The development is approved as a Planned Development (“PD”) for residential units to be constructed in two (2) phases over an estimated three (3) year period. A land use summary is presented in Table 1.1.

Public improvements and facilities financed, acquired, and/or constructed by the District will be designed and constructed to conform to regulatory criteria from the City of Wildwood (the “City”), the County, Southwest Florida Water Management District (“SWFWMD”), and other applicable agencies with regulatory jurisdiction over the development. An overall estimate of the probable cost of the public improvements is provided in Exhibit 7 of this report.

The Capital Improvement Plan (“CIP”) set forth in this Engineer’s Report reflects the present intentions of the District and the landowners. It should be noted that the location of the proposed facilities and improvements may be adjusted during the final design, permitting, and implementation phases. It should also be noted that these modifications are not expected to diminish the benefits to the property within the District. The District reserves the right to make reasonable adjustments to the development plan to meet applicable regulatory requirements of agencies with jurisdiction over the development while maintaining a comparable level of benefits to the lands served by the improvements. Changes and modifications are expected as changes in regulatory criteria are implemented.

Table 1.1 Land Use Summary

LAND USE SUMMARY	
LAND USE	DISTRICT AREA (AC)	
Master Stormwater System	21.18	
Residential Land (Single-Family Lots)	84.84	
Roadways Infrastructure & Public Facilities	25.91	
Open Space/Conservation Areas/Parks	22.76	
TOTAL	154.69	

Table 1.2 Lot Types

LOT TYPE SUMMARY	
LOT WIDTH	NUMBER OF LOTS	
	PHASE 1	PHASE 2	TOTAL	
50x110-ft Single Family	34	13	47	
50x120-ft Single Family	168	151	319	
60x120-ft Single Family	94	74	168	
TOTAL	296	238	534	

Implementation of any proposed facilities or improvements outlined in this Report requires written approval from the District's Board of Supervisors. Estimated costs outlined in this report are based on the best available information, which includes but is not limited to previous experience with similar projects. Actual costs could be different than estimates as final engineering and specific field conditions may affect construction costs.

All roadway improvements including sidewalks in the right-of-way and storm drainage collection systems (from the curb inlets to their connection to the stormwater ponds) within the development will be maintained by the District. Water distribution and wastewater collection systems (gravity lines, force mains, and lift stations) will be dedicated to the City of Wildwood for ownership and maintenance upon completion.

Purpose and Scope
The purpose of this Report is to provide engineering support for the funding of the proposed improvements within the District. This report identifies the proposed public infrastructure to be constructed or acquired by the District along with an Opinion of Probable Construction Costs. The District will finance, construct, acquire, operate, and maintain all or specific portions of the proposed public infrastructure.

The predominant portion of this report provides descriptions of the proposed public infrastructure improvements, determination of estimated probable construction costs, and the corresponding benefits associated with the implementation of the described improvements. Detailed site construction plans and specifications have been completed and permitted for the improvements described herein. The engineer has considered and, in specific instances, has relied upon the information and documentation prepared or supplied by others to prepare this Engineer’s Report.

The Development
The development will consist of 534 single-family residential units, and associated infrastructure. The overall development is a planned residential community consisting of 154.69 acres located along County Road 229, south of County Road 228, and north of State Road 44. It is located in unincorporated Sumter County. The zoning for the development is Residential Planned Unit Development. The future land use of the development is Urban Residential. The development will be constructed in two phases.

Capital Improvements
The CIP consists of public infrastructure in the development. The primary portions of the CIP will provide for stormwater pond construction, roadways built to an urban roadway typical section, water, and sewer facilities including three lift stations, and off-site improvements (including turn lanes and extension of water and sewer mains to serve the development).

Stormwater structures and conveyance culverts will be constructed within the CIP, which will outfall into the various on- site stormwater ponds. These structures and pond areas comprise the overall stormwater facilities of the CIP.

Installation of the water distribution and wastewater collection system (including lift stations) will also occur at this time. Below-ground installation of telecommunications and cable television will occur but will

not be funded by the District. The incremental cost of undergrounding power within the public rights-of- way or easements will be funded by the District.

As a part of the recreational component of the CIP, conservation areas will serve as passive parks within the development that are available to the public for utilization of the facilities. The recreational areas will have connectivity via sidewalks to the other portions of the District. The recreational areas will be open to the public and accessible by public roadways and sidewalks.

Capital Improvement Plan Components
The CIP for the District includes the following:

Stormwater Management Facilities
Stormwater management facilities consisting of storm conveyance systems and retention/detention ponds are contained within the District boundaries. Stormwater will be discharged via roadway curb and gutter and storm inlets. Storm culverts convey the runoff into the proposed retention ponds for water quality treatment and attenuation. The proposed stormwater systems will utilize dry retention and wet retention for biological pollutant assimilation to achieve water quality treatment. The design criteria for the District’s stormwater treatment systems are regulated by the City, County, and SWFWMD.

Federal Emergency Management Agency Flood Insurance Rate Map (FEMA FIRM) Panel Number 12105C0390G, dated December 22, 2016, demonstrates that the property is located within Flood Zone X. Based on this information and the site topography, it appears that 100-year compensation will be located in areas where existing depressions will be impacted throughout the development and the 100-year flood volumes will be compensated as it is required by the County and FEMA.

During the construction of stormwater management facilities, utilities, and roadway improvements, the contractor will be required to adhere to a Stormwater Pollution Prevention Plan (SWPPP) as required by the Florida Department of Environmental Protection (FDEP) as delegated by the Environmental Protection Agency (EPA). The SWPPP will be prepared to depict the proposed recommended locations of required erosion control measures and staked turbidity barriers specifically along the downgradient side of any proposed construction activity. The site contractor will be required to provide the necessary reports as required by the National Pollutant Discharge Elimination System (NPDES) General Permit with erosion control, its maintenance, and any rainfall events that occur during construction activity.

Public Roadways
The proposed public roadway sections include a 24-foot roadway consisting of asphalt and with Miami curbs or Type F curb and gutter on both sides along with a 50-foot right-of-way. The proposed roadway section will consist of stabilized subgrade, a lime rock, crushed concrete, or cement-treated base and asphalt type roadway wearing surface. The proposed curb is to be 2-feet wide and placed along the edge of the proposed roadway section for purposes of protecting the integrity of the pavement and to provide stormwater runoff conveyance to the proposed stormwater inlets.

The proposed roadways will also require signage and pavement markings within the public rights-of-way, as well as street signs depicting street name identifications, and addressing, which will be utilized by the residents and public. As stated above, the District will fund roadway construction for all public roadways.

Water and Wastewater Facilities
A potable drinking water system inclusive of a water main, gate valves, fire hydrants, and appurtenances will be installed. The water service provider will be the City which will also own the facilities. The water system will be designed to provide an equally distributed system that provides redundancy to the system. These facilities will be installed within the proposed public rights-of-way and will provide potable drinking water (domestic) and fire protection services to serve the entire District.

A domestic wastewater collection system inclusive of gravity sanitary sewer mains and sewer laterals will be installed. The gravity sanitary sewer mains will be a minimum of eight (8)-inch diameter PVC pipe systems. The gravity sanitary sewer lines will be placed inside of the proposed public rights-of-way, under

the proposed paved roadways. Sewer laterals will branch off from these sewer lines to serve the development. Three lift stations are anticipated for this CIP. Flow from the lift stations shall be connected to a proposed force main that will pump to an existing force main that will connect to the City’s or Sumter County’s wastewater treatment facility. No water or sewer laterals will be placed within private lots or private property.

Off-Site Improvements
The District will provide funding for the anticipated turn lanes at the development entrances, which will be owned by Sumter County. Upon completion, the required inspections as well as final certifications of completions for the improvements will be obtained from the City, County, SWFWMD, and FDEP (water distribution and wastewater collection systems).

Amenities and Parks
The District will provide funding for an amenity center anticipated to include the following: parking areas, pavilion with restroom facilities, pool, all-purpose playfields, and walking trails to provide connectivity to the various amenity centers within the CDD. In addition, there will be passive parks throughout the development, which will include benches and walking trails. The amenities and parks will be availible to the public.

Electric Utilities and Lighting
The electric distribution system through the District is currently planned to be underground. The District presently intends to fund and construct the incremental cost of undergrounding of the electric conduits, transformer/cabinet pads, and electric manholes required by SECO Energy (“SECO”). Electric facilities will be maintained by SECO after the dedication to the District, with SECO providing underground electrical service to the development.

Entry Feature
Landscaping, irrigation, entry features, and walls at the entrances and along the outside boundary of the development will be provided by the District. The development will not be gated. The irrigation system will use an irrigation well. The well and irrigation water mains for the development’s various phases will be constructed and acquired by the CDD with District funds and operated and maintained by the CDD. Landscaping for the roadways will consist of sod, perennial flowers, shrubs, ground cover, and trees for the internal roadways within the CDD. Perimeter fencing will be provided at the site entrances and perimeters, which will be funded, owned, and maintained by the CDD.

Miscellaneous
The stormwater improvements, landscaping and irrigation, recreational improvements, street lighting, and certain permits and professional fees as described in this report are being financed by the District to benefit all the developable real property within the District. The construction and maintenance of the proposed public improvements will benefit the development for the intended use as a single- family/residential planned development.

Permitting
Construction permits for the development are required and include the City, County, SWFWMD, FDEP.

Following is a summary of required permits obtained or pending approval for the construction of the public infrastructure improvements for the District.

Table 5.1 Permit Status

PERMIT STATUS	

PERMITS/APPROVALS	
PERMIT STATUS	
Zoning Approval	Residential Planned Unit Development (RPUD)	
Preliminary Plat	To Be Obtained	
SWFWMD ERP	To Be Obtained	
Construction Permits	Approved 5/14/24	
FDEP Sanitary Sewer General Permit	Approved 11/19/24	
FDEP Water Distribution General Permit	Approved 9/20/24	
NOI	To Be Obtained	

Recommendation
As previously described, the public infrastructure is necessary for the development and functional operation as required by the County. The site planning, engineering design, and construction plans for the infrastructure are in accordance with the applicable requirements of the City, County, SWFWMD, and FDEP. It should be noted that the infrastructure will provide its intended use and function provided the construction and installation are in substantial conformance with the design construction plans and regulatory permits.

Items utilized in the Opinion of Probable Costs of this report are based upon the proposed plan infrastructure as shown on construction drawings incorporating specifications in the most current SWFWMD, Sumter County, and the City regulations.

Report Modification
During the development and implementation of the designed public infrastructure improvements, it may be necessary to make modifications and/or deviations to the plans. However, if such deviations and/or revisions do not change the overall primary objective of the plan for such improvements, then the cost differences would not materially affect the proposed construction cost estimates.

Summary and Conclusion
The improvements as outlined are necessary for the functional development of the CDD. The CDD is being designed in accordance with current government regulatory requirements. The development will serve its intended function provided the construction is in substantial compliance with the design.
Construction of the development is based upon current development plans.

Engineer’s Certification
It is our professional opinion that the public infrastructure costs for the CIP provided in this report are reasonable to complete the construction of the public infrastructure improvements. Furthermore, the public infrastructure improvements will benefit and add value to lands within the District and the value is at least the same as the costs for said improvements. Assets will be purchased by the District at the lesser of fair market value or actual cost. All improvements financed by the District will be on land owned by, or subject to a permanent easement in favor of, the District or another governmental entity.

The Opinion of Probable Costs for the public infrastructure improvements is only an estimate and is not a guaranteed maximum price. The estimated costs are based upon current unit prices and on our experience with ongoing and similar projects and basis in the County and the City. However, labor market, future costs of equipment, materials, changes to the regulatory permitting agencies' activities, and the actual construction processes employed by the chosen site contractor are beyond the engineer's

control. Due to this inherent opportunity for changes (upward or downward) in the construction costs, the total, final construction cost may be more or less than this estimate.

Based upon the presumption that the CIP construction continues in a timely manner, it is our opinion that the costs of the CIP proposed represent a system of improvements benefitting all developable property located within the District, are fair and reasonable, and that the District-funded improvements are assessable improvements within the meaning of Chapter 190, F.S. We have no reason to believe that the CIP improvements cannot be constructed at the cost described in this report. We expect the improvements to be constructed or acquired by the District with bond proceeds, as indicated within this report. We believe that the District will be well served by the improvements discussed in this report.

I hereby certify that the foregoing is a true and correct copy of the engineer’s report for the Woodland Crossing Community Development District.

Reinardo Malavé, P.E. Florida License No. 31588

NE 92nd RD

CR 228

NE 90th AVE

C35-003

CR 229

NE 87th RD

C35-004

NE 84th PL

C35-003 C35-004

COUNTY PARCEL NO.

Legend
Woodland Crossing CDD Sumter County Parcels

µ

EXHIBIT 1 - GENERAL LOCATION MAP WOODLAND CROSSING CDD

0	430

860
Feet

WOODLAND CROSSING
WILDWOOD, SUMTER COUNTY, FLORIDA LEGAL DESCRIPTIONS
03-20-2024

SAMMIE EDMOND ALBRITTON PARCEL
THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SECTION 35, TOWNSHIP 18 SOUTH, RANGE 22 EAST, SUMTER COUNTY, FLORIDA.

LESS AND EXCEPT ROAD RIGHT OF WAY FOR COUNTY ROAD 229 ACROSS THE WEST SIDE THEREOF, A PORTION OF WHICH IS DESCRIBED IN RIGHT-OF-WAY DEED RECORDED IN O.R. BOOK 4170, PAGE 65, PUBLIC RECORDS OF SUMTER COUNTY, FLORIDA.

GATTIS ALBRITTON PARCEL
THE EAST 1/2 OF THE NW 1/4 AND THE NW 1/4 OF THE NW 1/4 OF SECTION, 35, TOWNSHIP 18 SOUTH, RANGE 22 EAST, SUMTER COUNTY, FLORIDA. LESS THAT PORTION CONVEYED TO SUMTER COUNTY, RECORDED IN 0. R. BOOK 4170, PAGE 59, PUBLIC RECORDS OF SUMTER COUNTY, FLORIDA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE NORTHWEST CORNER OF SECTION, 35, TOWNSHIP 18 SOUTH, RANGE 22 EAST, SUMTER COUNTY, FLORIDA; THENCE, BEARING S 89°53'19" E ALONG THE NORTH LINE OF SAID SECTION 35, A DISTANCE OF 25.31 FEET TO A POINT ON THE EAST MAINTAINED RIGHT-OF-WAY LINE OF CR 229 AND THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL; THENCE, BEARING N 89°53'19" E ALONG THE NORTH LINE OF SECTION 35, A DISTANCE OF 25.07 FEET TO A POINT; THENCE, BEARING S 00°11'35" E, A DISTANCE OF 469.68 FEET TO A POINT; THENCE, BEARING S 02°30'12" W, A DISTANCE OF 41.02 FEET TO A POINT; THENCE, BEARING S 00°22'12" E, A DISTANCE OF 194.61 FEET TO A POINT; THENCE, BEARING S 00°35'02" W, A DISTANCE OF 69.60 FEET TO A POINT; THENCE, BEARING S 00°06'22" W, A DISTANCE OF 88.35 FEET TO A POINT; THENCE, BEARING S 00°29'40" E, A DISTANCE OF 91.21 FEET TO A POINT; THENCE, BEARING S 00°51'07" E, A DISTANCE OF 105.02 FEET TO A POINT; THENCE, BEARING S 00°01'53" E, A DISTANCE OF 75.49 FEET TO A POINT; THENCE, BEARING N 90°00'00" E, A DISTANCE OF 3.13 FEET TO A POINT; THENCE, BEARING S 00°03'15" E, A DISTANCE OF 181.19 FEET TO A POINT ON THE SOUTH LINE OF THE NW 1/4 OF THE NW 1/4 OF SAID SECTION 35; THENCE, BEARING S 89°54'18" W ALONG SAID SOUTH LINE, A DISTANCE OF 35.41 FEET TO A POINT ON THE EAST MAINTAINED RIGHT-OF-WAY LINE OF CR 229 THENCE, BEARING N 01°02'24" W ALONG SAID EAST LINE, A DISTANCE OF 14.85 FEET TO A POINT; THENCE, BEARING N 00°37'31" W ALONG SAID EAST LINE, A DISTANCE OF 120.77 FEET TO A POINT; THENCE, BEARING N 00°10'54" E ALONG SAID EAST LINE, A DISTANCE OF 147.22 FEET TO A POINT; THENCE, BEARING N 00°19'39" E ALONG SAID EAST LINE, A DISTANCE OF 205.09 FEET TO A POINT; THENCE, BEARING N 00°05'32" E ALONG SAID EAST LINE, A DISTANCE OF 219.65 FEET TO A POINT; THENCE, BEARING N 00°02'14" E ALONG SAID EAST LINE, A DISTANCE OF 188.33 FEET TO A POINT; THENCE, BEARING N 00°32'09" E ALONG SAID EAST LINE, A DISTANCE OF 335.27 FEET TO A POINT; THENCE, BEARING N 01°29'23" E ALONG SAID EAST LINE, A DISTANCE OF 43.70 FEET TO A POINT; THENCE, BEARING N 00°27'07" W ALONG SAID EAST LINE, A DISTANCE OF 41.27 FEET TO THE POINT OF BEGINNING.

CONTAINING 154.69 ACRES MORE OR LESS

EXHIBIT 2 - LEGAL DESCRIPTION WOODLAND CROSSING CDD

NE 92nd RD

CR 228

NE 90th AVE

C35-003

CR 229

NE 87th RD

Legend
Woodland Crossing CDD Sumter County Parcels
Zone_Type

NE

A10C CH CL CR ID
IP R2M R4C R6C R6M RPUD RR1 RR1C RR2.5
RR2.5C RR5 RR5C RVPUD

84th PL

C35-004

µ

EXHIBIT 4 - EXISTING LAND USE MAP WOODLAND CROSSING CDD

0	435

870
Feet

C35-003

C35-004

Legend
Woodland Crossing CDD Sumter County Parcels
Current_FL AGR COM
IND RR UR

EXHIBIT 5 - FUTURE LAND USE MAP WOODLAND CROSSING CDD

µ

0	430

860
Feet

C35-003

C35-004

Legend
Woodland Crossing CDD 1-ft Contours
Sumter County Parcels
FLD_ZONE
A AE X

COMPOSITE EXHIBIT 6 - DRAINAGE MAP WOODLAND CROSSING CDD

µ

0	435

870
Feet

NE 90th AVE

NE 87th RD

C35-003

CR 229

C35-004

12" WATER MAIN
12" WATER MAIN EXTENSION

CR 232A

*UTILITY LOCATIONS OBTAINED FROM FINAL UTILITY SYSTEM MASTER PLAN CITY OF WILDWOOD 2015.08.08

10" FORCE MAIN

Legend

CR 225

Water Main Forcemain
Water Main Extension Roads
Woodland Crossing CDD Sumter County Parcels

COMPOSITE EXHIBIT 6 - UTILITIES MAP
WOODLAND CROSSING CDD

µ

0	412.5	825
Feet

Woodland Crossing Community Development District

Composite Exhibit 7
SUMMARY OF PROPOSED DISTRICT FACILITIES	
DISTRICT INFRASTRUCTURE	
CONSTRUCTION	
OWNERSHIP	CAPITAL FINANCING	OPERATION AND MAINTENANCE	
Stormwater Facilities	District	District	District Bonds	District	
Lift Stations/Water/Sewer	District	City of Wildwood	District Bonds	City of Wildwood	
Street Lighting	District	SECO	Developer	SECO	
Road Construction	District	District	District Bonds	District	
Offsite Improvements	District	Sumter County	District Bonds	Sumter County	
Entry Feature & Signage	District	District	District Bonds	District	
Recreation Facilities/Amenities	District	District	District Bonds	District	
*Costs not funded by bonds will be funded by the developer.

COMPOSITE EXHIBIT 7 COST ESTIMATE	

INFRASTRUCTURE	PHASE 1	PHASE 2	TOTAL	
	296 LOTS	238 LOTS	
534 LOTS	
	2025-2026	2026-2027		
Offsite Improvements (1)(5)(7)(10)	$1,195,000.00	$545,000.00	$ 1,740,000.00	
Stormwater Management (1)(2)(3)(5)(6)(7)(10)	$ 3,927,000.00	$ 438,000.00	$ 4,365,000.00	
Earthwork	$1,965,000.00	$128,000.00		
Storm Utilities	$1,578,000.00	$179,000.00		
Grassing	$384,000.00	$131,000.00		
Utilities (Water & Sewer) (1)(5)(7)(9)(10)	$ 3,511,000.00	$ 1,462,000.00	$ 4,973,000.00	
Water	$1,275,000.00	$768,000.00		
Gravity Sewer	$1,520,000.00	$694,000.00		
Lift Station & Force Mains	$716,000.00			
Electrical (1)(5)(7)(9)(10)	$ 1,383,000.00	$ 834,000.00	$ 2,217,000.00	
Electrical Distribution (Underground conduits only)	$1,383,000.00	$834,000.00		
Roadway (1)(4)(5)(7)(10)	$2,258,000.00	$1,363,000.00	$ 3,621,000.00	
General Condition (1)(7)(8)(10)	$135,000.00	$136,000.00	$ 271,000.00	
Parks, Amenities, and Open Spaces (1)(7)(10)	$1,500,000.00	$0.00	$ 1,500,000.00	
SUBTOTAL CONSTRUCTION	$ 13,909,000.00	$ 4,778,000.00	$ 18,687,000.00	
General Consulting (Engr & Legal) @ 10%	$ 1,390,900.00	$ 477,800.00	$ 1,868,700.00	
Contingency @ 10%	$ 1,529,990.00	$ 525,580.00	$ 2,055,570.00	
TOTAL	$ 16,829,890.00	$ 5,781,380.00	$ 22,611,270.00	
Notes:
Infrastructure consists of public roadway improvements, Stormwater management facilities, master sanitary sewer lift station. and utilities, entry feature, landscaping and signage, and public neighborhood parks, all of which will be located on land. owned by or subject to a permanent easement in favor of the District or another governmental entity.
Excludes grading of each lot in conjunction with home construction, which will be provided by home builder.
Includes stormwater pond excavation. Does not include the cost of transportation of fill for use of private lots.
Includes sub‐grade, base, asphalt paving, curbing, and civil/site engineering.
Includes subdivision infrastructure and civil/site engineering.
Stormwater does not include grading associated with building pads.
Estimates are based on 2025 cost.
Includes costs of Survey, mobilization, and entrance of the construction site.
CDD will enter into a Lighting Agreement with SECO for the street light poles and lighting service. Includes only the incremental cost of undergrounding.
The costs associated with the infrastructure are a master cost and is effectively shared by the entire project (all phases).

COMPOSITE EXHIBIT B
Assessment Report

7

MASTER
ASSESSMENT METHODOLOGY

FOR WOODLAND CROSSING
COMMUNITY DEVELOPMENT DISTRICT

Date: June 11, 2024

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston Street
Orlando, FL 32801

Table of Contents
Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	6
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
True-Up Mechanism	8
Assessment Roll	8
Appendix	9
Table 1: Development Program	9
Table 2: Infrastructure Cost Estimates	10
Table 3: Bond Sizing	11
Table 4: Allocation of Benefit	12
Table 5: Allocation of Benefit/Total Par Debt to Each Product Type	13
Table 6: Par Debt and Annual Assessments	14
Table 7: Preliminary Assessment Roll	15
GMS-CF, LLC does not represent the Woodland Crossing Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC does not provide the Woodland Crossing Community Development District with financial advisory services or offer investment advice in any form.

Introduction

The Woodland Crossing Community Development District is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes, as amended (the “District”). The District plans to issue up to $30,880,000 of tax exempt bonds in one or more series (the “Bonds”) for the purpose of financing certain infrastructure improvements within the District, more specifically described in the Engineer’s Report dated June 5, 2024 prepared by Dewberry Engineers Inc. as may be amended and supplemented from time to time (the “Engineer’s Report”). The District anticipates the construction of public infrastructure improvements consisting of improvements that benefit property owners within the District.

Purpose

This Master Assessment Methodology Report (the “Assessment Report”) provides for an assessment methodology for allocating the debt to be incurred by the District to benefiting properties within the District. This Assessment Report allocates the debt to properties based on the special benefits each receives from the District’s capital improvement plan (“CIP”). This Assessment Report will be supplemented with one or more supplemental methodology reports to reflect the actual terms and conditions at the time of the issuance of each series of Bonds. This Assessment Report is designed to conform to the requirements of Chapters 190 and 170, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on this subject.

The District intends to impose non ad valorem special assessments on the benefited lands within the District based on this Assessment Report. It is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes or any other legal means of collection available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner’s association, or any other unit of government.

Background

The District currently includes approximately 154.69 acres within unincorporated Sumter County, Florida. The development program currently envisions approximately 534 units (herein the “Development”). The proposed Development program is depicted in Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified accordingly.

The public improvements contemplated by the District in the CIP will provide facilities that benefit certain property within the District. The CIP is delineated in the

Engineer’s Report. Specifically, the District will construct and/or acquire certain offsite improvements, stormwater management facilities, utilities (water, sewer, & reuse), electrical, roadway, parks, amenities, and open spaces, general condition, general consulting, and contingency. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the CIP.
The District Engineer determines the assessable acres that benefit from the District’s CIP.
A calculation is made to determine the funding amounts necessary to acquire and/or construct CIP.
This amount is initially divided equally among the benefited properties on a prorated gross acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

Special Benefits and General Benefits

Improvements undertaken by the District create special and peculiar benefits to the assessable property, different in kind and degree than general benefits, for properties outside its borders as well as general benefits to the public at large.

However, as discussed within this Assessment Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to the assessable property within the District. The implementation of the CIP enables properties within its boundaries to be developed. Without the District’s CIP, there would be no infrastructure to support development of land within the District. Without these improvements, development of the property within the District would be prohibited by law.

There is no doubt that the general public and property owners outside the District will benefit from the provision of the District’s CIP. However, these benefits will be incidental to the District’s CIP, which is designed solely to meet the needs of property within the District. Properties outside the District boundaries do not depend upon the District’s CIP. The property owners within the District are therefore receiving special benefits not received by those outside the District’s boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed.

Florida law provides for a wide application of special assessments that meet these two requirements for valid special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within the District are greater than the costs associated with providing these benefits. The District Engineer estimates that the District’s CIP that is necessary to support full development of property will cost approximately $22,611,270. The District’s Underwriter projects that financing costs required to fund the infrastructure improvements, including project costs, the cost of issuance of the Bonds, the funding of debt service reserves and capitalized interest, will be approximately $30,880,000. Additionally, funding required to complete the CIP which is not financed with Bonds will be funded by Clayton Properties Group, Inc. or a related entity (the “Developer”). Without the CIP, the property would not be able to be developed and occupied by future residents of the community.

2.0	Assessment Methodology

Overview

The District is planning to issue up to $30,880,000 in Bonds, in one or more series to fund the District’s CIP, provide for capitalized interest, a debt service reserve account and cost of issuance.  It is the purpose of this Assessment Report to allocate the
$30,880,000 in debt to the properties benefiting from the CIP.

Table 1 identifies the proposed land uses as identified by the Developer and current landowners of the land within the District. The District has relied on the Engineer’s Report to develop the costs of the CIP needed to support the Development; these construction costs are outlined in Table 2. The improvements needed to support the Development are described in detail in the Engineer’s Report and are estimated to cost
$22,611,270. Based on the estimated costs, the size of the Bond issue under current market conditions needed to generate funds to pay for the CIP and related costs was

determined by the District’s Underwriter to total approximately $30,880,000. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. The CIP funded by District Bonds benefits all developable acres within the District.

The initial assessments will be levied on an equal basis to all acres within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the District are benefiting from the improvements.

Once platting, site planning, or the recording of declaration of condominium, (“Assigned Properties”) has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive. The Unassigned Properties, defined as property that has not been platted, assigned development rights or subjected to a declaration of condominium, will continue to be assessed on a per acre basis (“Unassigned Properties”). Eventually the development plan will be completed and the debt relating to the Bonds will be allocated to the planned 534 residential units within the District, which are the beneficiaries of the CIP, as depicted in Table 5 and Table 6. If there are changes to the development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the Developer is required. The process is outlined in Section 3.0

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The CIP consists of offsite improvements, stormwater management facilities, utilities (water, sewer, & reuse), electrical, roadway, parks, amenities, and open spaces, general condition, general consulting, and contingency. There are two residential product types within the planned development. The single family 50’ home has been set as the base unit and has been assigned one equivalent residential unit (“ERU”). Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the improvements on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed CIP will provide several types of systems, facilities, and services for its residents. These include offsite

improvements, stormwater management facilities, utilities (water, sewer, & reuse), electrical, roadway, parks, amenities, and open spaces, general condition, general consulting, and contingency. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the improvements in fact actually provided.

For the provision of CIP, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable but are not yet capable of being calculated as to value with mathematical certainty. However, each is more valuable than either the cost of, or the actual non-ad valorem special assessment levied for the improvement, or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer’s Report is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type).

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the District’s CIP have been apportioned to the property according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

Accordingly, no acre or parcel of property within the boundaries of the District will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the preliminary anticipated per unit

debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed CIP is developed or acquired and financed by the District.

True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the Developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Property. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat, or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no adjustment is required. In the case that the revenue generated is less than the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding Bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

Assessment Roll

The District will initially distribute the liens across the property within the District boundaries on a gross acreage basis. As Assigned Property becomes known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 7. If the land use plan changes, then the District will update Tables 1, 4, 5 and 6 to reflect the changes. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land in the District prior to the time final Assigned Properties become known. At this time the debt associated with the District’s CIP will be distributed evenly across the acres within the District. As the development process occurs, the debt will be distributed against the Assigned Property in the manner described in this Assessment Report. The current assessment roll is depicted in Table 7.

Product Types	Phase 1	Phase 2	Totals	ERUs per Unit (1)	Total ERUs	
Single Family 50'	202	164	366	1.00	366.00	
Single Family 60'	94	74	168	1.20	201.60	
Total Units	296	238	534		567.60	

(1) Benefit is allocated on an ERU basis; based on density of planned development, with a Single Family 50' unit equal to 1 ERU

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Capital Improvement Plan ("CIP") (1)	Total Cost Estimate
Offsite Improvements	$	1,740,000	
Stormwater Management	$	4,365,000	
Utilities (Water, Sewer, & Reuse)	$	4,973,000	
Electrical	$	2,217,000	
Roadway	$	3,621,000	
General Condition	$	271,000	
Parks, Amenities, and Open Spaces	$	1,500,000	
General Consulting	$	1,868,700	
Contingency	$	2,055,570	

	$	22,611,270 

(1) A detailed description of these improvements is provided in the Engineer's Report dated June 5, 2024

Prepared by: Governmental Management Services - Central Florida, LLC

Description	Total	
Construction Funds	$	22,611,270	
Debt Service Reserve	$	2,614,648	
Capitalized Interest	$	4,632,000	
Underwriters Discount	$	617,600	
Cost of Issuance	$	400,000	
Rounding	$	4,482	
Par Amount*	$	30,880,000	

Bond Assumptions:		
Average Coupon	7.50%	
Amortization	30 years	
Capitalized Interest	24 Months	
Debt Service Reserve	Max Annual D/S	
Underwriters Discount	2%	

* Par amount is subject to change based on the actual terms at the sale of the Bonds

Prepared by: Governmental Management Services - Central Florida, LLC

Product Types	

No. of Units *	

ERU
Factor	

Total ERUs	

% of Total ERUs	Total Improvements Costs Per Product
Type	

Improvement Costs Per Unit	
Single Family 50'	366	1.0	366	64.48%	$	14,580,206	$	39,837	
Single Family 60'	168	1.2	202	35.52%	$	8,031,064	$	47,804	
Totals	534		568	100.00%	$	22,611,270		

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Product Types	

No. of Units *	Total Improvements Costs Per Product Type	Allocation of Par Debt Per Product Type	
Par Debt Per Unit	
Single Family 50	366	$	14,580,206	$	19,912,051	$	54,405	
Single Family 60	168	$	8,031,064	$	10,967,949	$	65,285	
Totals	534	$	22,611,270	$	30,880,000		

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Product Types	
No. of Units *	
Allocation of Par Debt Per Product Type	
Total Par Debt Per Unit	
Maximum Annual Debt Service	Net Annual Debt Assessment Per
Unit	Gross Annual Debt Assessment Per Unit
(1)	
Single Family 50'	366	$	19,912,051	$	54,405	$	1,685,978	$	4,606	$	4,901	
Single Family 60'	168	$	10,967,949	$	65,285	$	928,670	$	5,528	$	5,881	
Totals	534	$	30,880,000		$	2,614,648			

(1) This amount includes collection fees and early payment discounts when collected on the Sumter County Tax Bill

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Owner	Property*	Net Acres

Total Par Debt Allocation Per Acre

Total Par Debt Allocated

Net Annual Debt Assessment Allocation

Gross Annual Debt Assessment Allocation (1)

Domain Timberlake Multistate LLC	Woodland Crossing CDD	154.69

$	199,625	$

30,880,000	$

2,614,648	$

2,781,540

Totals	154.69

$	30,880,000	$

2,614,648	$

2,781,540

(1) This amount includes 6% to cover collection fees and early payment discounts when collected utilizing the uniform method.

Annual Assessment Periods Average Coupon Rate (%) Maximum Annual Debt Service

30
7.50%
$ 2,614,648

* - See Metes and Bounds, attached as Exhibit A

Prepared by: Governmental Management Services - Central Florida, LLC

WOODLAND CROSSING
WILDWOOD, SUMTER COUNTY, FLORIDA LEGAL DESCRIPTIONS
03-20-2024

SAMMIE EDMOND ALBRITTON PARCEL
THE SOUTHWEST 1/4 OF THE NORTHWEST 1/4 OF SECTION 35, TOWNSHIP 18 SOUTH, RANGE 22 EAST, SUMTER COUNTY, FLORIDA.

LESS AND EXCEPT ROAD RIGHT OF WAY FOR COUNTY ROAD 229 ACROSS THE WEST SIDE THEREOF, A PORTION OF WHICH IS DESCRIBED IN RIGHT-OF-WAY DEED RECORDED IN O.R. BOOK 4170, PAGE 65, PUBLIC RECORDS OF SUMTER COUNTY, FLORIDA.

GATTIS ALBRITTON PARCEL
THE EAST 1/2 OF THE NW 1/4 AND THE NW 1/4 OF THE NW 1/4 OF SECTION, 35, TOWNSHIP 18 SOUTH, RANGE 22 EAST, SUMTER COUNTY, FLORIDA. LESS THAT PORTION CONVEYED TO SUMTER COUNTY, RECORDED IN 0. R. BOOK 4170, PAGE 59, PUBLIC RECORDS OF SUMTER COUNTY, FLORIDA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCING AT THE NORTHWEST CORNER OF SECTION, 35, TOWNSHIP 18 SOUTH, RANGE 22 EAST, SUMTER COUNTY, FLORIDA; THENCE, BEARING S 89°53'19" E ALONG THE NORTH LINE OF SAID SECTION 35, A DISTANCE OF 25.31 FEET TO A POINT ON THE EAST MAINTAINED RIGHT-OF-WAY LINE OF CR 229 AND THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL; THENCE, BEARING N 89°53'19" E ALONG THE NORTH LINE OF SECTION 35, A DISTANCE OF 25.07 FEET TO A POINT; THENCE, BEARING S 00°11'35" E, A DISTANCE OF 469.68 FEET TO A POINT; THENCE, BEARING S 02°30'12" W, A DISTANCE OF 41.02 FEET TO A POINT; THENCE, BEARING S 00°22'12" E, A DISTANCE OF 194.61 FEET TO A POINT; THENCE, BEARING S 00°35'02" W, A DISTANCE OF 69.60 FEET TO A POINT; THENCE, BEARING S 00°06'22" W, A DISTANCE OF 88.35 FEET TO A POINT; THENCE, BEARING S 00°29'40" E, A DISTANCE OF 91.21 FEET TO A POINT; THENCE, BEARING S 00°51'07" E, A DISTANCE OF 105.02 FEET TO A POINT; THENCE, BEARING S 00°01'53" E, A DISTANCE OF 75.49 FEET TO A POINT; THENCE, BEARING N 90°00'00" E, A DISTANCE OF 3.13 FEET TO A POINT; THENCE, BEARING S 00°03'15" E, A DISTANCE OF 181.19 FEET TO A POINT ON THE SOUTH LINE OF THE NW 1/4 OF THE NW 1/4 OF SAID SECTION 35; THENCE, BEARING S 89°54'18" W ALONG SAID SOUTH LINE, A DISTANCE OF 35.41 FEET TO A POINT ON THE EAST MAINTAINED RIGHT-OF-WAY LINE OF CR 229 THENCE, BEARING N 01°02'24" W ALONG SAID EAST LINE, A DISTANCE OF 14.85 FEET TO A POINT; THENCE, BEARING N 00°37'31" W ALONG SAID EAST LINE, A DISTANCE OF 120.77 FEET TO A POINT; THENCE, BEARING N 00°10'54" E ALONG SAID EAST LINE, A DISTANCE OF 147.22 FEET TO A POINT; THENCE, BEARING N 00°19'39" E ALONG SAID EAST LINE, A DISTANCE OF 205.09 FEET TO A POINT; THENCE, BEARING N 00°05'32" E ALONG SAID EAST LINE, A DISTANCE OF 219.65 FEET TO A POINT; THENCE, BEARING N 00°02'14" E ALONG SAID EAST LINE, A DISTANCE OF 188.33 FEET TO A POINT; THENCE, BEARING N 00°32'09" E ALONG SAID EAST LINE, A DISTANCE OF 335.27 FEET TO A POINT; THENCE, BEARING N 01°29'23" E ALONG SAID EAST LINE, A DISTANCE OF 43.70 FEET TO A POINT; THENCE, BEARING N 00°27'07" W ALONG SAID EAST LINE, A DISTANCE OF 41.27 FEET TO THE POINT OF BEGINNING.

CONTAINING 154.69 ACRES MORE OR LESS

EXHIBIT 2 - LEGAL DESCRIPTION WOODLAND CROSSING CDD

SUPPLEMENTAL
ASSESSMENT METHODOLOGY – ASSESSMENT AREA ONE

FOR WOODLAND CROSSING
COMMUNITY DEVELOPMENT DISTRICT

Date: April 15, 2025

Prepared by

Governmental Management Services – Central Florida, LLC 219 E. Livingston Street
Orlando, FL 32801

Woodland Crossing CDD SAM mc Final Numbers 041525.docx

Table of Contents
1.0 Introduction	3
Purpose	3
Background	3
Special Benefits and General Benefits	4
Requirements of a Valid Assessment Methodology	5
Special Benefits Exceed the Costs Allocated	5
2.0 Assessment Methodology	5
Overview	5
Allocation of Debt	6
Allocation of Benefit	6
Lienability Test: Special and Peculiar Benefit to the Property	7
Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments	7
True-Up Mechanism	8
Assessment Roll	8
Appendix	10
Table 1: Development Program	10
Table 2: Infrastructure Cost Estimates	11
Table 3: Bond Sizing	12
Table 4: Allocation of Benefit	13
Table 5: Allocation of Benefit/Total Par Debt to Each Product Type	14
Table 6: Par Debt and Annual Assessments	15
Table 7: Preliminary Assessment Roll	16
GMS-CF, LLC does not represent the Woodland Crossing Community Development District as a Municipal Advisor or Securities Broker nor is GMS-CF, LLC registered to provide such services as described in Section 15B of the Securities and Exchange Act of 1934, as amended. Similarly, GMS-CF, LLC does not provide the Woodland Crossing Community Development District with financial advisory services or offer investment advice in any form.

1.0	Introduction

The Woodland Crossing Community Development District is a local unit of special-purpose government organized and existing under Chapter 190, Florida Statutes (the “District”), as amended. The District will issue on April 29, 2025, its $14,300,000 of tax exempt bonds (the “Series 2025 Bonds” or “Bonds”) for the purpose of financing certain infrastructure improvements within the District consisting of Phase 1 of development within the District (herein “Assessment Area One”), more specifically described in the Engineer’s Report dated June 5, 2024, amended and restated January 23, 2025, prepared by Dewberry Engineers, Inc. as may be amended and supplemented from time to time (the “Engineer’s Report”). The District anticipates the construction of public infrastructure improvements consisting of improvements that benefit property owners within Assessment Area One of the District.

Purpose

This Supplemental Assessment Methodology Report for Assessment Area One (the “Supplemental Report”) supplements the Master Assessment Methodology dated June 11, 2024 (together the “Assessment Report”) and provides for an assessment methodology for allocating the debt to be incurred by the District to benefiting properties within the District. This Assessment Report allocates the debt to properties based on the special benefits each receives from a portion of the District’s capital improvement plan (“Assessment Area One Project”). This Assessment Report is designed to conform to the requirements of Chapters 170, 190, and 197, Florida Statutes with respect to special assessments and is consistent with our understanding of case law on this subject.

The District has imposed non ad valorem special assessments on the benefited lands within the District based on this Assessment Report. It is anticipated that all of the proposed special assessments will be collected through the Uniform Method of Collection described in Section 197.3632, Florida Statutes or any other legal means of collection available to the District. It is not the intent of this Assessment Report to address any other assessments, if applicable, that may be levied by the District, a homeowner’s association, or any other unit of government.

Background

The District currently includes approximately 154.69 acres entirely within unincorporated Sumter County, Florida. Assessment Area One within the District envisions 296 residential units (herein the “Development Program”). The proposed Development Program is depicted in Table 1. It is recognized that such land use plan may change, and this Assessment Report will be modified accordingly.

The public improvements contemplated by the District that comprises the Assessment Area One Project will provide facilities that benefit certain property within the District, including Assessment Area One. The Assessment Area One Project is delineated in the Engineer’s Report. Specifically, the District will construct and/or acquire certain offsite improvements, stormwater management, utilities (water & sewer), electrical undergrounding, roadway, general condition, parks, amenities, and open spaces, general consulting, and contingency. The acquisition and construction costs are summarized in Table 2.

The assessment methodology is a four-step process.

The District Engineer must first determine the public infrastructure improvements that may be provided by the District and the costs to implement the Assessment Area One Project.
The District Engineer determines the assessable acres that benefit from the District’s Assessment Area One Project.
A calculation is made to determine the funding amounts necessary to acquire and/or construct the Assessment Area One Project.
This amount is initially divided equally among the benefited properties on a prorated gross acreage basis. Ultimately, as land is platted, this amount will be assigned to each of the benefited properties based on the number of platted units.

Special Benefits and General Benefits

Improvements undertaken by the District create special and peculiar benefits to assessable property, different in kind and degree than general benefits, for properties within its borders as well as general benefits to the public at large.

However, as discussed within this Supplemental Report, these general benefits are incidental in nature and are readily distinguishable from the special and peculiar benefits, which accrue to the assessable property within the District. The implementation of the Assessment Area One Project enables properties within the District’s boundaries to be developed. Without the District’s Assessment Area One Project, there would be no infrastructure to support development of land within Assessment Area One of the District. Without these improvements, development of the property within Assessment Area One of the District would be prohibited by law.

There is no doubt that the general public and property owners outside Assessment Area One of the District will benefit from the provision of the District’s Assessment Area One Project. However, these benefits will be incidental to the District’s Assessment Area One Project, which is designed solely to meet the needs of property within Assessment Area One of the District. Properties outside the District’s Assessment Area One boundaries do not depend upon the District’s Assessment Area

One Project. The property within Assessment Area One of the District is therefore receiving special benefits not received by property outside the District’s Assessment Area One boundaries.

Requirements of a Valid Assessment Methodology

There are two requirements under Florida law for a valid special assessment:

The properties must receive a special benefit from the improvements being paid for.
The assessments must be fairly and reasonably allocated to the properties being assessed.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

Special Benefits Exceed the Costs Allocated

The special benefits provided to the property owners within Assessment Area One of the District are greater than the costs associated with providing these benefits. The District Engineer estimates that the District’s Assessment Area One Project will cost approximately $16,829,890. The District’s Underwriter has determined that financing costs required to fund the infrastructure improvements, including project costs, the cost of issuance of the Bonds, the funding of debt service reserves and capitalized interest, are $14,300,000. Additionally, funding required to complete the Assessment Area One Project which is not financed with Bonds will be funded by the developer(s) or through the issuance of an additional series of bonds. Without the Assessment Area One Project, the property would not be able to be developed and occupied by future residents of the community.

2.0	Assessment Methodology

Overview

The District will issue on April 29, 2025, $14,300,000 in Bonds to fund a portion of the District’s Assessment Area One Project, provide for capitalized interest, a debt service reserve account and cost of issuance. It is the purpose of this Supplemental Report to allocate the $14,300,000 in debt to the properties within the District benefiting from the Assessment Area One Project.

Table 1 identifies the proposed land uses as identified by the developer of the land within Assessment Area One of the District which will ultimately secure the Series 2025 Bonds. The District has relied on the Engineer’s Report to develop the costs of the Assessment Area One Project needed to support the Development Program; these

construction costs are outlined in Table 2. The improvements needed to support the Development Program are described in detail in the Engineer’s Report and are estimated to cost $16,829,890. Based on the estimated costs, the size of the bond issue under current market conditions needed to generate funds to pay for the Assessment Area One Project and related costs was determined by the District’s Underwriter to total $14,300,000. Table 3 shows the breakdown of the bond sizing.

Allocation of Debt

Allocation of debt is a continuous process until the development plan is completed. The Assessment Area One Project funded by District Bonds benefits all developable acres within the District. The initial assessments will be levied on an equal basis to all acres within Assessment Area One within the District. A fair and reasonable methodology allocates the debt incurred by the District proportionately to the properties receiving the special benefits. At this point all of the lands within the Assessment Area One within the District are benefiting from the improvements.

Once platting or the recording of declaration of condominium, (“Assigned Properties”) has begun, the assessments will be levied to the Assigned Properties based on the benefits they receive. The Unassigned Properties, defined as property that has not been platted, assigned development rights or subjected to a declaration of condominium, will continue to be assessed on a per acre basis (“Unassigned Properties”). Eventually the development plan will be completed and the debt relating to the Bonds will be allocated to the planned 296 residential units within Assessment Area One of the District, which are the beneficiaries of the Assessment Area One Project, as depicted in Table 5 and Table 6. If there are changes to the development plan, a true up of the assessment will be calculated to determine if a debt reduction or true-up payment from the developer is required. The process is outlined in Section 3.0

The assignment of debt in this Assessment Report sets forth the process by which debt is apportioned. As mentioned herein, this Assessment Report will be supplemented from time to time.

Allocation of Benefit

The Assessment Area One Project consists of offsite improvements, stormwater management, utilities (water & sewer), electrical undergrounding, roadway, general condition, parks, amenities, and open spaces, general consulting, and contingency. There are two residential product types within the planned development. The single family 50’ product type has been set as the base unit and has been assigned one equivalent residential unit (“ERU”). The Assessment Area One Project is reflected in Table 2. There may be other improvements constructed in Assessment Area One but not funded by the Series 2025 Bonds. It is contemplated that the developer will fund

these costs and may be reimbursed from a future bond issue. Table 4 shows the allocation of benefit to the particular land uses. It is important to note that the benefit derived from the improvements on the particular units exceeds the cost that the units will be paying for such benefits.

Lienability Test: Special and Peculiar Benefit to the Property

Construction and/or acquisition by the District of its proposed Assessment Area One Project will provide several types of systems, facilities and services for its residents. These include offsite improvements, stormwater management, utilities (water & sewer), electrical undergrounding, roadway, general condition, parks, amenities, and open spaces, general consulting, and contingency. These improvements accrue in differing amounts and are somewhat dependent on the type of land use receiving the special benefits peculiar to those properties, which flow from the logical relationship of the improvements to the properties.

Once these determinations are made, they are reviewed in the light of the special benefits peculiar to the property, which flow to the properties as a result of their logical connection from the improvements in fact actually provided.

For the provision of Assessment Area One Project, the special and peculiar benefits are:

the added use of the property,
added enjoyment of the property, and
the probability of increased marketability and value of the property.

These special and peculiar benefits are real and ascertainable but are not yet capable of being calculated as to value with mathematical certainty. However, each is equal to, or in excess of, than either the cost of, or the actual non-ad valorem special assessment levied for the improvement or the debt as allocated.

Lienability Test: Reasonable and Fair Apportionment of the Duty to Pay Non-Ad Valorem Assessments

A reasonable estimate of the proportion of special and peculiar benefits received from the public improvements described in the Engineer’s Report is delineated in Table 5 (expressed as Allocation of Par Debt per Product Type).

The determination has been made that the duty to pay the non-ad valorem special assessments is fairly and reasonably apportioned because the special and peculiar benefits to the property derived from the acquisition and/or construction of the District’s Assessment Area One Project have been apportioned to the property

according to reasonable estimates of the special and peculiar benefits provided consistent with the land use categories.

Accordingly, no acre or parcel of property within the boundaries of the District will have a lien for the payment of any non-ad valorem special assessment more than the determined special benefit peculiar to that property and therefore, the debt allocation will not be increased more than the debt allocation set forth in this Assessment Report.

In accordance with the benefit allocation suggested for the product types in Table 4, a total debt per unit and an annual assessment per unit have been calculated for each product type (Table 6). These amounts represent the per unit debt allocation assuming all anticipated units are built and sold as planned, and the entire proposed Assessment Area One Project is developed or acquired and financed by the District.

True Up Mechanism

Although the District does not process plats, declaration of condominiums, site plans or revisions thereto for the developer, it does have an important role to play during the course of platting and site planning. Whenever a plat, declaration of condominium or site plan is processed, the District must allocate a portion of its debt to the property according to this Assessment Report outlined herein. In addition, the District must also prevent any buildup of debt on Unassigned Property. Otherwise, the land could be fully conveyed and/or platted without all of the debt being allocated. To preclude this, at the time Unassigned Properties become Assigned Properties, the District will determine the amount of anticipated assessment revenue that remains on the Unassigned Properties, taking into account the proposed plat, or site plan approval. If the total anticipated assessment revenue to be generated from the Assigned and Unassigned Properties is greater than or equal to the maximum annual debt service then no adjustment is required. In the case that the revenue generated is less than the required amount then a debt reduction or true-up payment by the landowner in the amount necessary to reduce the par amount of the outstanding Bonds plus accrued interest to a level that will be supported by the new net annual debt service assessments will be required.

Assessment Roll

The District will initially allocate Series 2025 Assessments across the property within Assessment Area One of the District on a gross acreage basis. As Assigned Property becomes known with certainty, the District will refine its allocation of debt from a per acre basis to a per unit basis as shown in Table 6. If the land use plan changes, then the District will update Table 6 to reflect the changes. As a result, the assessment liens are neither fixed nor are they determinable with certainty on any acre of land in the District prior to the time final Assigned Properties become known. At this time the

debt associated with the District’s Assessment Area One Project will be distributed evenly across the acres within Assessment Area One of the District. As the development process occurs, the debt will be distributed against the Assigned Property in the manner described in this Assessment Report. The current assessment roll is depicted in Table 7.

Product Types	No. of Units *	Totals	ERUs per Unit (1)	Total ERUs	
Single Family 50'	202	202	1.0	202.0	
Single Family 60'	94	94	1.2	112.8	
Total Units	296	296		314.8	

(1) Benefit is allocated on an ERU basis; based on density of planned development, with a Single Family 50' unit equal to 1 ERU

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Phase 1 (1)	Estimated Costs	
Offsite Improvements	$1,195,000	
Stormwater Management	$3,927,000	
Utilities (Water & Sewer)	$3,511,000	
Electrical	$1,383,000	
Roadway	$2,258,000	
General Condition	$135,000	
Parks, Amenities, and Open Spaces	$1,500,000	
General Consulting	$1,390,900	
Contingency	$1,529,990	
	$16,829,890 

(1) A detailed description of these improvements is provided in the Engineer's Report dated June 5, 2024, amended and restated January 23, 2025

Prepared by: Governmental Management Services - Central Florida, LLC

Description	Total	
Construction Funds	$11,873,114	
Original Issue Discount	$56,277	
Debt Service Reserve	$1,030,541	
Capitalized Interest	$847,533	
Underwriters Discount	$286,000	
Cost of Issuance	$206,536	
Par Amount	$14,300,000	

Bond Assumptions:		
Interest Rate	6.02%	
Amortization	30 years	
Capitalized Interest	12 months	
Debt Service Reserve	Max Annual D/S	
Underwriters Discount	2%	

Prepared by: Governmental Management Services - Central Florida, LLC

Product Types	

No. of Units *	

ERU
Factor	

Total ERUs	

% of Total ERUs	Total Improvements Costs Per Product
Type	

Improvement Costs Per Unit	
Single Family 50'	202	1.0	202	64.17%	$10,799,358	$53,462	
Single Family 60'	94	1.2	113	35.83%	$6,030,532	$64,155	
Totals	296		315	100.00%	$16,829,890		

* Unit mix is subject to change based on marketing and other factors

Product Types	

No. of Units *	Total Improvements Costs Per Product Type	Allocation of Par Debt Per Product Type	
Par Debt Per Unit	
Single Family 50'	202	$10,799,358	$9,175,985	$45,426	
Single Family 60'	94	$6,030,532	$5,124,015	$54,511	
Totals	296	$16,829,890	$14,300,000		

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

Product Types	

No. of Units *	
Allocation of Par Debt Per Product Type	
Total Par Debt Per Unit	
Maximum Annual Debt Service	Net Annual Debt Assessment Per Unit	
Gross Annual Debt Assessment Per Unit (1)	
Single Family 50'	202	$9,175,984.75	$45,425.67	$661,274.48	$3,273.64	$3,482.59	
Single Family 60'	94	$5,124,015.25	$54,510.80	$369,266.15	$3,928.36	$4,179.11	
Totals	296	$14,300,000.00		$1,030,540.63			

(1) This amount includes collection fees and early payment discounts when collected on the Sumter County Tax Bill

* Unit mix is subject to change based on marketing and other factors

Prepared by: Governmental Management Services - Central Florida, LLC

WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT PRELIMINARY ASSESSMENT ROLL
SUPPLEMENTAL ASSESSMENT METHODOLOGY

	Total Par Debt		Net Annual Debt	Gross Annual	
	Allocation Per	Total Par Debt	Assessment	Debt Assessment	
Owner	Property*	Net Acres	Acre	Allocated	Allocation	Allocation (1)	

Domain Timberlake Multistate LLC	Assessment Area One	93.42	$153,072	$14,300,000	$1,030,540.63	$1,096,319.82 Totals		93.42		$14,300,000		$1,030,541		$1,096,320
(1) This amount includes 6% to cover collection fees and early payment discounts when collected utilizing the uniform method.

Annual Assessment Periods Average Coupon Rate (%) Maximum Annual Debt Service

30
6.02%
$1,030,541

* - See Metes and Bounds, attached as Exhibit A

Prepared by: Governmental Management Services - Central Florida, LLC

LEGAL DESCRIPTION
NOT A SURVEY

Exhibit A

Founded in 1988

SURVEYING MAPPING GEOSPATIAL SERVICES

LEGAL DESCRIPTION
NOT A SURVEY

CONTINUED FROM SHEET 1

BEARING OF SOUTH 32" 05' 13" WEST, AND A CHORD DISTANCE OF 35.36 FEET; THENCE RUN SOUTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF go· oo· 00" FOR A DISTANCE OF 39.27 FEET TO A POINT ON
A RADIAL LINE; THENCE RUN SOUTH 77" 05' 13" WEST FOR A DISTANCE OF 50.00 FEET TO A POINT ON A NON TANGENT CURVE, CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 25.00 FEET, WITH A CHORD BEARING OF NORTH 57" 54' 47" WEST, AND A CHORD DISTANCE OF 35.36 FEET; THENCE RUN NORTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 90" 00' 00" FOR A DISTANCE OF 39.27 FEET TO A POINT OF TANGENCY; THENCE RUN SOUTH 77" 05' 13" WEST FOR A DISTANCE OF 95.00 FEET; THENCE RUN SOUTH 12· 54' 47" EAST FOR A DISTANCE OF
136.45 FEET TO THE POINT OF CURVATURE OF A CURVE, CONCAVE WESTERLY HAVING A RADIUS OF 880.00 FEET, WITH A CHORD BEARING OF SOUTH 06" 30' 04" EAST, AND A CHORD DISTANCE OF 196.55 FEET; THENCE RUN SOUTHERLY
ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 12· 49' 26" FOR A DISTANCE OF 196.96 FEET TO A POINT OF TANGENCY; THENCE RUN SOUTH oo· 05' 21" EAST FOR A DISTANCE OF 8.25 FEET; THENCE RUN SOUTH 89" 54' 39"  WEST FOR A DISTANCE OF 65.00 FEET; THENCE RUN SOUTH oo· 05'  21" EAST FOR A DISTANCE OF 170.00
FEET; THENCE RUN SOUTH 89" 54' 39"	WEST FOR A DISTANCE OF 10.73 FEET TO THE POINT OF CURVATURE OF A CURVE, CONCAVE SOUTHEASTERLY HAVING A RADIUS OF 25.00 FEET, WITH A CHORD BEARING OF SOUTH 45• 02' 24" WEST, AND A CHORD DISTANCE OF 35.28 FEET; THENCE RUN SOUTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 89" 44' 29" FOR A DISTANCE OF 39.16 FEET TO A POINT ON A RADIAL LINE; THENCE RUN SOUTH 89" 39' 09"	WEST FOR A DISTANCE OF 50.00 FEET TO A POINT ON A NON TANGENT CURVE, CONCAVE SOUTHWESTERLY HAVING A RADIUS OF 25.00 FEET, WITH A CHORD BEARING OF NORTH 44" 57' 36" WEST, AND A CHORD DISTANCE OF 35.43 FEET; THENCE RUN NORTHWESTERLY ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 90" 15' 31" FOR A DISTANCE OF 39.38 FEET TO A POINT OF TANGENCY; THENCE RUN SOUTH 89" 54' 39" WEST FOR A DISTANCE OF 96.67 FEET TO A POINT ON THE EAST LINE OF THE SOUTHWEST 1/4	OF THE NORTHWEST 1/ 4 OF AFORESAID SECTION 35;	THENCE RUN SOUTH 01. 01' 25" EAST ALONG SAID EAST LINE FOR A DISTANCE OF
412.53 FEET TO A POINT ON THE SOUTH LINE OF SAID NORTHWEST 1/4	OF SECTION 35;  THENCE RUN SOUTH 89" 47'
58"  WEST ALONG SAID SOUTH LINE FOR A DISTANCE OF 1253.38 FEET TO A POINT ON THE EAST RIGHT-OF-WAY LINE
OF COUNTY ROAD 229, ACCORDING TO OFFICIAL RECORDS BOOK 4170, PAGES 59 AND 65 OF THE PUBLIC RECORDS OF SUMTER COUNTY, FLORIDA; THENCE RUN THE FOLLOWING BEARINGS AND DISTANCES ALONG SAID EAST RIGHT-OF-WAY
LINE: NORTH oo· 03' 15" WEST FOR A DISTANCE OF 1497.21 FEET; THENCE RUN NORTH go· 00' 00" WEST FOR A DISTANCE OF 3.13 FEET; THENCE RUN NORTH oo· 01· 53" WEST FOR A DISTANCE OF 75.49 FEET; THENCE RUN NORTH oo· 51' 07" WEST FOR A DISTANCE OF 105.02 FEET; THENCE RUN NORTH oo· 29' 40" WEST FOR A DISTANCE OF 91.21 FEET; THENCE RUN NORTH oo· 06' 22" EAST FOR A DISTANCE OF 88.35 FEET; THENCE RUN NORTH oo· 35' 02" EAST FOR A DISTANCE OF 69.60 FEET; THENCE RUN NORTH oo· 22· 12" WEST FOR A DISTANCE OF 194.61 FEET; THENCE RUN NORTH 02· 30' 12" EAST FOR A DISTANCE OF 41.02 FEET; THENCE RUN NORTH oo· 11' 35" WEST FOR A DISTANCE
OF 469.67 FEET TO A POINT ON THE NORTH LINE OF THE NORTHWEST 1/4 OF AFORESAID SECTION 35; THENCE DEPARTING SAID EAST RIGHT-OF-WAY LINE RUN SOUTH 89" 59' 22" EAST ALONG SAID NORTH LINE FOR A DISTANCE OF 1727.73 FEET TO THE POINT OF BEGINNING.
CONTAINS 93.42 ACRES MORE OR LESS.

SHEET 2 OF 5

Founded in 1988

SURVEYING MAPPING GEOSPATIAL SERVICES

Drawing name: L:\Doto\20250081\Sketches\20250081 Sketch 2 -Woodland Crossings Phase 1	8.5x11 Sheet-2

SKETCH OF DESCRIPTION
NOT A SURVEY

Founded in 1988

SURVEYING MAPPING GEOSPATIAL SERVICES

SKETCH OF DESCRIPTION
NOT A SURVEY

Founded in 1988

SURVEYING MAPPING GEOSPATIAL SERVICES

SKETCH OF DESCRIPTION
NOT A SURVEY

LINE TABLE

LINE	BEARING	LENGTH	
L1	N89"59'22"W	841.44'	
L2	soo·oo·41"w	180.00'	
L3	soo·oo·41"w	105.03'	
L4	S12"54'47"W	111.46'	
L5	S12·54'47"W	50.00'	
L6	s12·54'47"w	204.83'	
L7	soo·o1·08"E	50.00'	
L8	S12·54'47"E	204.83'	
L9	S12·54' 47"E	50.00'	
L10	S7T05'13"W	50.00'	
L11	S7T05'13"W	95.00'	
L12	S12·54' 47"E	136.45'	
L13	soo·o5•21 "E	8.25'	
L14	S89"54'39"W	65.00'	
L15	soo·o5•21 "E	170.00'	
L16	S89"54'39"W	10.73'	
L17	S89"39'09"W	50.00'	
L18	S89"54'39"W	96.67'	
L19	soo·o1'25"E	412.53'	
L20	N90"00'00"W	3.13'	
L21	Noo·o1•53"w	75.49'	
L22	N00"51'07"W	105.02'	
L23	N00"29' 40"W	91.21'	
L24	N00"06'22"E	88.35'	

CURVE TABLE

CURVE	RADIUS	CHORD BEARING	CHORD	DELTA	LENGTH	
C1	25.00'	S45"00'41"W	35.36'	090·00·00"	39.27'	
C2	1050.00'	S06°27'44"W	235.94'	012°54'06"	236.44'	
C3	25.00'	S32"05'13"E	35.36'	090·00·00"	39.27'	
C4	25.00'	S5T54'47"W	35.36'	090·00·00"	39.27'	
C5	1000.00'	S0T55'35"W	173.85'	009"58'25"	174.07'	
C6	25.00'	S43"31'15"E	36.24'	092"55'14"	40.54'	
C7	25.00'	S43"32'23"W	36.26'	092"57'31"	40.56'	
C8	1000.00'	S0T55'35"E	173.85'	009"58'24"	174.07'	
C9	25.00'	S5T54'47"E	35.36'	090·00·00"	39.27'	
C10	25.00'	S32"05'13"W	35.36'	090·00·00"	39.27'	
C11	25.00'	N5T54'47"W	35.36'	090·00·00"	39.27'	
C12	880.00'	S06"30'04"E	196.55'	012"49'26"	196.96'	
C13	25.00'	S45"02'24"W	35.28'	089"44'29"	39.16'	
C14	25.00'	N44"57'36"W	35.43'	090"15'31"	39.38'	

LINE TABLE

LINE	BEARING	LENGTH	
L25	N00"35'02"E	69.60'	
L26	Noo·22·12"w	194.61'	
L27	N02"30'12"E	41.02'	
L28	N00"11'35"W	469.67'	

SHEET 5 OF 5

Founded in 1988

SURVEYING MAPPING GEOSPATIAL SERVICES

Drawing name: L:\0oto\20250081\Sketches\20250081 Sketch 2 -Woodland Crossings Phase 1	8.5x11 Sheet 5

Exhibit C

LEGAL DESCRIPTION
WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT AREA ONE

{Legal Description Continues}

Exhibit D
Maturities and Coupons of Series 2025 Bonds

Apr 14, 2025 1:56 pm Prepared by DBC Finance	(Woodland Crossing CDD 2025:WC-2025) Page 10

BOND SUMMARY STATISTICS

Woodland Crossing Community Development District Special Assessment Bonds, Series 2025

Dated Date	04/29/2025	
Delivery Date	04/29/2025	
Last Maturity	05/01/2056	
Arbitrage Yield	6.025987%	
True Interest Cost (TIC)	6.208890%	
Net Interest Cost (NIC)	6.139480%	
All-In TIC	6.344672%	
Average Coupon	6.023732%	
Average Life (years)	20.679	
Weighted Average Maturity (years)	20.678	
Duration of Issue (years)	11.368	
Par Amount	14,300,000.00	
Bond Proceeds	14,243,722.85	
Total Interest	17,812,745.14	
Net Interest	18,155,022.29	
Total Debt Service	32,112,745.14	
Maximum Annual Debt Service	1,030,540.63	
Average Annual Debt Service	1,035,709.39	
Underwriter's Fees (per $1000) Average Takedown
Other Fee	

20.000000	
Total Underwriter's Discount	20.000000	
Bid Price	97.606453	

Bond Component	Par Value	Price	Average Coupon	Average
Life	
Term 1	820,000.00	100.000	4.875%	3.567	
Term 2	1,285,000.00	99.806	5.125%	8.111	
Term 3	3,970,000.00	99.360	5.875%	15.988	
Term 4	8,225,000.00	99.655	6.125%	26.613	
	14,300,000.00			20.679	

	TIC		All-In TIC		Arbitrage
Yield	
Par Value
+ Accrued Interest
+ Premium (Discount)	14,300,000.00

-56,277.15		14,300,000.00

-56,277.15		14,300,000.00

-56,277.15	
- Underwriter's Discount	-286,000.00		-286,000.00			
Cost of Issuance Expense
Other Amounts			-206,536.00			
Target Value	13,957,722.85		13,751,186.85		14,243,722.85	
Target Date	04/29/2025		04/29/2025		04/29/2025	
Yield	6.208890%		6.344672%		6.025987%	

Exhibit E
Sources and Uses of Funds for Series 2025 Bonds

Apr 14, 2025 1:56 pm Prepared by DBC Finance	(Woodland Crossing CDD 2025:WC-2025) Page 1

SOURCES AND USES OF FUNDS

Woodland Crossing Community Development District Special Assessment Bonds, Series 2025

Sources:

Bond Proceeds:
Par Amount	14,300,000.00	
Original Issue Discount	-56,277.15	
	14,243,722.85	

Uses:		
Other Fund Deposits:
Debt Service Reserve Fund (MADS w Release)	
1,030,540.63	
Capitalized Interest Fund (thru 5/1/26)		847,532.50	
	1,878,073.13	
Delivery Date Expenses: Cost of Issuance	
206,536.00	
Underwriter's Discount		286,000.00	
	492,536.00	
Other Uses of Funds: Construction Fund	
11,873,113.72	
	14,243,722.85	

Exhibit F
Annual Debt Service Payment Due on Series 2025 Bonds

NET DEBT SERVICE

Woodland Crossing Community Development District Special Assessment Bonds, Series 2025

Date	

Total Debt Service	Debt Service Reserve Fund (MADS w
Release)	Capitalized Interest Fund (thru 5/1/26)	

Net Debt Service	
11/01/2025	426,107.50		426,107.50		
05/01/2026	421,425.00		421,425.00		
11/01/2026	421,425.00			421,425.00	
05/01/2027	611,425.00			611,425.00	
11/01/2027	416,793.75			416,793.75	
05/01/2028	616,793.75			616,793.75	
11/01/2028	411,918.75			411,918.75	
05/01/2029	621,918.75			621,918.75	
11/01/2029	406,800.00			406,800.00	
05/01/2030	626,800.00			626,800.00	
11/01/2030	401,437.50			401,437.50	
05/01/2031	631,437.50			631,437.50	
11/01/2031	395,543.75			395,543.75	
05/01/2032	640,543.75			640,543.75	
11/01/2032	389,265.63			389,265.63	
05/01/2033	644,265.63			644,265.63	
11/01/2033	382,731.25			382,731.25	
05/01/2034	652,731.25			652,731.25	
11/01/2034	375,812.50			375,812.50	
05/01/2035	660,812.50			660,812.50	
11/01/2035	368,509.38			368,509.38	
05/01/2036	668,509.38			668,509.38	
11/01/2036	359,696.88			359,696.88	
05/01/2037	679,696.88			679,696.88	
11/01/2037	350,296.88			350,296.88	
05/01/2038	685,296.88			685,296.88	
11/01/2038	340,456.25			340,456.25	
05/01/2039	700,456.25			700,456.25	
11/01/2039	329,881.25			329,881.25	
05/01/2040	709,881.25			709,881.25	
11/01/2040	318,718.75			318,718.75	
05/01/2041	723,718.75			723,718.75	
11/01/2041	306,821.88			306,821.88	
05/01/2042	731,821.88			731,821.88	
11/01/2042	294,337.50			294,337.50	
05/01/2043	749,337.50			749,337.50	
11/01/2043	280,971.88			280,971.88	
05/01/2044	760,971.88			760,971.88	
11/01/2044	266,871.88			266,871.88	
05/01/2045	776,871.88			776,871.88	
11/01/2045	251,890.63			251,890.63	
05/01/2046	791,890.63			791,890.63	
11/01/2046	235,353.13			235,353.13	
05/01/2047	810,353.13			810,353.13	
11/01/2047	217,743.75			217,743.75	
05/01/2048	827,743.75			827,743.75	
11/01/2048	199,062.50			199,062.50	
05/01/2049	849,062.50			849,062.50	
11/01/2049	179,156.25			179,156.25	
05/01/2050	869,156.25			869,156.25	
11/01/2050	158,025.00			158,025.00	
05/01/2051	893,025.00			893,025.00	
11/01/2051	135,515.63			135,515.63	

NET DEBT SERVICE

Woodland Crossing Community Development District Special Assessment Bonds, Series 2025

Date	

Total Debt Service	Debt Service Reserve Fund (MADS w
Release)	Capitalized Interest Fund (thru 5/1/26)	

Net Debt Service	
05/01/2052	915,515.63			915,515.63	
11/01/2052	111,628.13			111,628.13	
05/01/2053	941,628.13			941,628.13	
11/01/2053	86,209.38			86,209.38	
05/01/2054	966,209.38			966,209.38	
11/01/2054	59,259.38			59,259.38	
05/01/2055	999,259.38			999,259.38	
11/01/2055	30,471.88			30,471.88	
05/01/2056	1,025,471.88	1,030,540.63		-5,068.75	
	32,112,745.14	1,030,540.63	847,532.50	30,234,672.01	

Section VI

RESOLUTION 2025-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT RATIFYING, CONFIRMING, AND APPROVING THE ACTIONS OF THE CHAIRMAN, VICE CHAIRMAN, SECRETARY, ASSISTANT SECRETARIES, AND ALL DISTRICT STAFF REGARDING THE SALE AND CLOSING OF THE WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2025; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Woodland Crossing Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, located in Sumter County, Florida; and

WHEREAS, the District previously adopted Resolution Nos. 2024-27 and 2025-01, authorizing the issuance of its $14,300,000 Special Assessment Bonds, Series 2025 (“Series 2025 Bonds”) for the purpose of financing a portion of the acquisition and/or construction of certain improvements as described in the Woodland Crossing Community Development District Engineer’s Report, dated June 5, 2024, amended and restated January 23, 2025; and

WHEREAS, the District closed on the issuance of the Series 2025 Bonds on April 29, 2025; and

WHEREAS, as prerequisites to the issuance of the Series 2025 Bonds, the Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District staff including the District Manager, District Financial Advisor, District Counsel and Bond Counsel (“District Staff”) were required to execute and deliver various documents (“Closing Documents”); and

WHEREAS, the District desires to ratify, confirm, and approve all actions of the District Chairman, Vice Chairman, Treasurer, Assistant Secretaries, and District Staff in closing on the issuance of the Series 2025 Bonds.

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

SECTION 1. The issuance of the Series 2025 Bonds, the adoption of resolutions relating to such bonds, and all actions taken in the furtherance of the closing on such bonds, are hereby declared and affirmed as being in the best interests of the District and are hereby ratified, approved, and confirmed by the Board of Supervisors of the District.

SECTION 2. The actions of the Chairman, Vice Chairman, Treasurer, Secretary, Assistant Secretaries, and all District Staff in finalizing the closing and issuance of the Series 2025 Bonds, including the execution and delivery of the Closing Documents, and such other certifications or other documents required for the closing on the Series 2025 Bonds, are determined to be in accordance with the prior authorizations of the Board and are hereby ratified, approved, and confirmed in all respects.

SECTION 3. If any provision of this Resolution is held to be illegal or invalid, the other provisions shall remain in full force and effect.

SECTION 4. This Resolution shall become effective upon its adoption.

PASSED AND ADOPTED this 15th day of May 2025.

ATTEST:	WOODLAND CROSSING
COMMUNITY DEVELOPMENT DISTRICT

Secretary	Chairman, Board of Supervisors

Section VII

This instrument was prepared by and upon recording should be returned to:

(This space reserved for Clerk)

Lauren Gentry, Esq. Kilinski | Van Wyk, PLLC 517 E. College Avenue Tallahassee, Florida 32301

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN BY
WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT

Board of Supervisors1
Woodland Crossing Community Development District

Milton Andrade
Chairperson
Brian Walsh
Vice Chairperson

Brent Elliott
Assistant Secretary

Garrett Parkinson
Assistant Secretary
Kareyann Ellison
Assistant Secretary

District Manager c/o Jill Burns
219 E. Livingston Street Orlando, Florida 32801
Tel: (407) 841-5524
(“District Manager’s Office”)

District records are on file at the District Manager’s Office and are available for public inspection upon request during normal business hours.

1 This list reflects the composition of the Board of Supervisors as of May 14, 2025. For a current list of Board Members, please contact the District Manager’s Office.

TABLE OF CONTENTS
Introduction	3
What is the District and How is it Governed?	3
Overview of the District’s Projects, Bonds & Debt Assessments	4
Methods of Collection	6
District Boundary Legal Description	Exhibit A

DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OF IMPROVEMENTS TO REAL PROPERTY UNDERTAKEN
BY THE WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT INTRODUCTION
On behalf of the Woodland Crossing Community Development District (“District”), the following information is provided to give you a description of the District’s services and the assessments that have been levied within the District to pay for certain community infrastructure, and the manner in which the District is operated. The District is a unit of special-purpose local government created pursuant to and existing under the provisions of Chapter 190, Florida Statutes (“Act”). Under Florida law, community development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property undertaken by such districts. The law specifically provides that this information shall be made available to all persons currently residing within the District and to all prospective District residents, as well as filed in the property records of each county in which the District is located.
WHAT IS THE DISTRICT AND HOW IS IT GOVERNED?
The District was established by Ordinance No. 2024-18, enacted by the Board of County Commissioners of Sumter County, Florida, effective on May 31, 2024. The District boundaries encompass approximately 154.69 acres located within unincorporated Sumter County, Florida, generally located along County Road 229, south of County Road 228, and north of State Road 44. The development plan for the lands within the District includes approximately 534 single-family residential units in two (2) phases. As a local unit of special-purpose government, the District provides an alternate means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction.
The District is governed by a five-member Board of Supervisors (“Board” and individually, “Supervisors”), the members of which must be residents of the State of Florida and citizens of the United States. Within ninety (90) days of appointment of the initial Board, members were elected on an at-large basis by the owners of property within the District. Subsequent landowner elections are then held every two years in November. At the landowner elections, and generally stated, each landowner is entitled to cast one vote for each acre of land owned with fractions thereof rounded upward to the nearest whole number, or one vote per platted lot. Commencing six (6) years after the initial appointment of the members of the Board and when the District attains a minimum of two hundred and fifty (250) qualified electors, Supervisors whose terms are expiring will begin to be elected by qualified electors of the District. A “qualified elector” in this instance is any person at least eighteen (18) years of age who is a citizen of the United States, a legal resident of Florida and of the District, and who is also registered to vote with the Supervisor of Elections for Sumter County. Notwithstanding the foregoing, if at any time the Board proposes to exercise its ad valorem taxing power, it shall, prior to the exercise of such power, call an election at which all members of the Board shall be elected by qualified electors of the District.

The District is subject to Florida law governing open meetings and records. Accordingly, Board meetings are noticed in the local newspaper and are conducted in a public forum in which public participation is permitted. Consistent with Florida’s public records laws, the records of the District are available for public inspection at the District Manager’s Office during normal business hours.

OVERVIEW OF THE DISTRICT’S PROJECTS, BONDS & DEBT ASSESSMENTS

The District is authorized by the Act to, amongst other things, finance, fund, plan, establish, acquire, install, equip, operate, extend, construct, or reconstruct stormwater management systems, roadway improvements, master sanitary sewer lift station and utilities, landscape/hardscape, parks and recreation facilities, irrigation systems and other infrastructure projects and services necessitated by the development of, and serving lands within, the District. A description of the boundaries of the District is attached hereto as Exhibit A.

Pursuant to the Act, the District is authorized to levy and impose special assessments to pay all, or any part of, the cost of such infrastructure projects and services and to issue bonds, notes and/or other specific financing mechanisms payable from such special assessments. On August 8, 2024, the Fifth Judicial Circuit of Florida, in and for Sumter County, Florida, entered a Final Judgment validating the District’s ability to issue an aggregate principal amount not to exceed $30,880,000 in Special Assessment Bonds, in one or more series, for infrastructure needs of the District (“Final Judgment”). The Fifth Judicial Circuit of Florida, in and for Sumter County, Florida, has entered a Certificate of No Appeal certifying that no notice of appeal has been filed or taken by any party or other person from the Final Judgment.
Capital Improvement Plan / Master Bonds & Assessments
In June of 2024, the District authorized the construction and/or financing of its master capital improvement plan (“CIP”). The CIP includes, among other things, stormwater management systems, roadway improvements, master sanitary sewer lift station and utilities, landscape/hardscape, parks and recreation facilities, irrigation systems, and miscellaneous. The CIP is estimated to cost approximately
$16,229,400 and is described in more detail in the Woodland Crossing Community Development District Engineer’s Report, dated June 5, 2025, which was further amended and restated on January 23, 2025 (the “Engineer’s Report”).

The District anticipates financing all or a portion of the CIP by the issuance of one or more series of future special assessment bonds (“Master Bonds”). To secure the repayment of such Master Bonds, the District has levied and imposed one or more non-ad valorem debt service special assessment liens (“Master Assessments”) on certain benefitted lands within the District. The Master Assessments are further described in the Master Assessment Methodology for Woodland Crossing Community Development District, dated June 11, 2024, as supplemented in the Supplemental Assessment Methodology-Assessment Area One, dated April 15, 2025 (the “Supplemental Assessment Report” and together, the “Master Assessment Report”). A notice of the master assessment lien imposed consistent with the Master Assessments has been recorded in the Official Records of Sumter County. The Master Assessment Report and any reports that supplement it are designed to conform to the requirements of Chapters 170, 190 and 197, Florida Statutes, are not intended to address any other assessments, if applicable, that may be levied by the District, a homeowner’s association, or any other unit of government.
Allocation of special assessments is a continuous process until the CIP is completed. As a master series of interrelated improvements, the CIP benefits all developable acres within the District. Once platting has begun, the assessments will be allocated to the assigned properties based on the benefits they receive as set forth herein (“Assigned Properties”). The unassigned properties, defined as property that has not been platted and assigned development rights, will continue to be assessed on a per-acre (equal acreage) basis (“Unassigned Properties”). Eventually the development plan will be completed and the assessments securing each series of bonds will be allocated to the benefitted property within the District. If there are changes to the development plan causing a change in the ultimate number of platted units, a true-up of the assessment(s) will be calculated to determine if a debt reduction or true-up payment is required.

Series 2025 Bonds

The District has authorized the construction and/or acquisition of its “Series 2025 Project”, which comprises a portion of the CIP. On April 29, 2025, the District issued $14,300,000 Woodland Crossing Community Development District Special Assessment Bonds, Series 2025, for the purpose of financing a portion of the Series 2025 Project. The amortization schedules for the Series 2025 Bonds are available at the District Manager’s Office. The Series 2025 Project is anticipated to cost $16,829,890 and is described in the Engineer’s Report. The Series 2025 Project includes improvements related to stormwater management systems, roadway improvements, master sanitary sewer lift station and utilities, landscape/hardscape, parks and recreation facilities, irrigation systems, and related miscellaneous improvements.

The Series 2025 Bonds are secured by non-ad valorem special assessments levied and imposed as part of the Master Assessments (“Series 2025 Special Assessments”) on the lands within the approximately
93.42 acres comprising the “Series 2025 Assessment Area,” which comprises all benefitted property within the District. The Series 2025 Special Assessments are further described in the Supplemental Assessment Report. It is anticipated that the Series 2025 Special Assessments will be collected through the Uniform Method of Collection described in Chapter 197.3632, Florida Statutes, for platted lots and directly collected for unplatted property but the assessments may be collected by any other legal means available to the District. Schedules of the annual assessments on benefiting property levied to defray the debt service obligations of the District are summarized provided below and are available for public inspection at the District Manager’s Office.

The Series 2025 Special Assessments described above exclude any operations and maintenance assessments that may be determined and calculated annually by the Board against all benefited lands in the District. A detailed description of all costs and allocations that result in the formulation of assessments, fees and charges is available for public inspection at the District Manager’s Office.
The allocation of the Series 2025 Special Assessments is provided below:

Operation and Maintenance Assessments

In addition to the debt assessment described above, the District also imposes on an annual basis operations and maintenance assessments (“O&M Assessments”), which are determined and calculated annually by the Board in order to fund the District’s annual operations and maintenance budget. O&M Assessments are levied against all benefitted lands in the District and may vary from year to year based on the amount of the District’s budget. O&M Assessments may also be affected by the total number of units that ultimately are constructed within the District. The allocation of O&M Assessments is set forth in the resolutions imposing the assessments. Please contact the District Manager’s Office for more information regarding the allocation of O&M Assessments.

Future Improvements and Assessments

Should the District choose to finance additional portions of its CIP in the future, additional debt assessments may be imposed on property within the District. Such additional assessments will be allocated in a manner consistent with the Master Assessment Report.

The District may undertake the construction, acquisition, or installation of other future improvements and facilities, which may be financed by bonds, notes or other methods authorized by Chapter 190, Florida Statutes. Further information regarding any of the improvements can be obtained from the engineer’s reports on file in the District Manager’s Office. Further, a detailed description of all costs and allocations that result in the formulation of assessments, fees and charges is available for public inspection at the District Manager’s Office.

METHODS OF COLLECTION
For any given fiscal year, the District may elect to collect any special assessment for any lot or parcel by any lawful means. The provisions governing the collection of special assessments are more fully set forth in the applicable assessment resolutions which are on file at the District Manager’s Office. That said, and generally speaking, the District may elect to place a special assessment on that portion of the annual real estate tax bill, entitled “non-ad valorem assessments,” which would then be collected by the Sumter County Tax Collector in the same manner as county ad valorem taxes (“Uniform Method”). Each property owner subject to the collection of special assessments by the Uniform Method must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax bill, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates which, if not timely redeemed, may result in the loss of title to the property. The use of the Uniform Method for any given fiscal year does not mean that the Uniform Method will be used to collect assessments in future years, and the District reserves the right in its sole discretion to select a new or different collection method in any given year, regardless of past practices.

Alternatively, the District may elect to collect any special assessment by sending a direct bill to a given landowner. In the event that an assessment payment is not timely made, the whole assessment – including any remaining amounts for the fiscal year as well as any future installments of assessments securing debt service – shall immediately become due and payable and shall accrue interest as well as penalties, plus all costs of collection and enforcement, and shall either be enforced pursuant to a foreclosure action, or, at the District’s discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Please contact the District Manager’s Office for further information regarding collection methods.
This description of the District’s operations, services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing infrastructure improvements essential to the development of communities. If you have questions or would like additional information about the District, please write to: Woodland Crossing Community Development District, c/o Jill Burns, 219 E. Livingston Street, Orlando, Florida 32801 Attn: District Manager, Offices: or call (407) 841-5524.

IN WITNESS WHEREOF, this Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken by the Woodland Crossing Community Development District has been executed to be effective as of the 15th day May 2025, and recorded in the Official Records of Sumter County, Florida.

WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT
By: 	
Milton Andrade
Chairperson of Board of Supervisors of District

Witness	Witness

Print Name	Print Name
Address: 		Address: 	

STATE OF FLORIDA COUNTY OF 	

The foregoing instrument was acknowledged before me [ ] in person or [ ] by means of remote notarization this     day of 	, 2025, by Milton Andrade, as Chairperson of the Woodland Crossing Community Development District, who [ ] is personally known to me or who [ ] has produced
	 as identification, and did not take the oath.

Notary Public, State of Florida
Print Name: 	  Commission No.: 		 My Commission Expires: 	

Exhibit A:	District Boundaries

EXHIBIT A
District Boundaries

Section VIII

RESOLUTION 2025-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2026 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 Woodland Crossing Community Development District (“District”) prior to June 15, 2025, proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2026”); 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 WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT:

PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2026 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:	Thursday, July 17, 2025
HOUR:	10:00 AM
LOCATION:	Bushnell Public Library
402 N Florida Avenue Bushnell, Florida 33513

TRANSMITTAL  OF  PROPOSED  BUDGET  TO  LOCAL  GENERAL
PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Sumter 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 15TH DAY OF MAY 2025.

ATTEST:	WOODLAND CROSSING COMMUNITY DEVELOPMENT DISTRICT

By: 	

Secretary	Its: 	

Exhibit A:	Proposed Budget for Fiscal Year 2026

Woodland Crossings
Community Development District

Proposed Budget
FY2026

6M3

Table of Contents

1		General Fund

	General Fund Narrative

Proposed Budget General Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	2/28/25	7 Months	9/30/25	FY2026	

Revenues						
Developer Contributions	$	224,678	$	18,314	$	104,233	$	122,546	$	379,678	
Total Revenues	$	224,678	$	18,314	$	104,233	$	122,546	$	379,678	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000	$	-	$	7,000	$	7,000	$	12,000	
FICA Expense	$	918	$	-	$	536	$	536	$	918	
Engineering Fees	$	15,000	$	3,685	$	7,370	$	11,055	$	15,000	
Attorney Fees	$	25,000	$	418	$	585	$	1,003	$	25,000	
Annual Audit	$	-	$	-	$	-	$	-	$	5,000	
Management Fees	$	40,000	$	16,667	$	23,333	$	40,000	$	40,000	
Information Technology	$	1,800	$	750	$	1,050	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	500	$	700	$	1,200	$	1,200	
Telephone	$	300	$	-	$	150	$	150	$	300	
Postage & Delivery	$	1,000	$	8	$	350	$	358	$	1,000	
Insurance	$	5,000	$	3,740	$	-	$	3,740	$	5,000	
Copies	$	1,000	$	-	$	500	$	500	$	1,000	
Legal Advertising	$	15,000	$	111	$	4,129	$	4,240	$	15,000	
Contingencies	$	5,000	$	214	$	300	$	515	$	5,000	
Office Supplies	$	625	$	0	$	150	$	150	$	625	
Travel Per Diem	$	660	$	-	$	125	$	125	$	660	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total General & Administrative	$	124,678	$	26,268	$	46,278	$	72,546	$	129,678	

Operations & Maintenance Field Expenditures						
Contingency	$	100,000	$	-	$	50,000	$	50,000	$	250,000	
Subtotal Field Expenditures	$	100,000	$	-	$	50,000	$	50,000	$	250,000	
						
Total Operations & Maintenance	$	100,000	$	-	$	50,000	$	50,000	$	250,000	
						
Total Expenditures	$	224,678	$	26,268	$	96,278	$	122,546	$	379,678	
						
Excess Revenues/(Expenditures)	$	-	$	(7,954)  $	7,954	$	-	$	-	

Revenues:

Developer Contributions

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & 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.

FICA Expenditures

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

Engineering

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

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

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

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents costs with Governmental Management Services – Central Florida, LLC related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

Website Maintenance

Represents the costs with Governmental Management Services – Central Florida, LLC associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. 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 & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Copies

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

Legal Advertising

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

Contingencies

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

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

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 Expenses

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into

Section IX

Section C

Section 1

Woodland Crossing
Community Development District

Funding Request #10
February 14th, 2025

Bill to:	Clayton Properties Group, LLC

Payee	General Fund FY25

1	Governmental Management Services
Invoice #9- Management fees- February 2025

$	3,589.84

	Total:	$	3,589.84 

Please make check payable to:

Woodland Crossing
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

Invoice# 22438667- Engineer fees- January 2025	$	3,685.00	
2	Governmental Management Services
Invoice# 10- Management fees- March 2025	
$	204.00	
3	Kilinski | Van Wyk PLLC
Invoice# 11481- District Counsel fees- January 2025	
$	3,632.42	

	Total:	$	7,521.42 

Please make check payable to:

Woodland Crossing
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

	Invoice# 22441470- Engineer fees- February 2025	$	2,707.50	
2	Kilinski | Van Wyk PLLC
Invoice# 11736- District Counsel fees- February 2025	
$	355.50	

	Total:	$	3,063.00 

Please make check payable to:

Woodland Crossing
6200 Lee Vista Blvd, Suite 300
Orlando, FL 32822

Section 2

Woodland Crossings
Community Development District

Unaudited Financial Reporting
February 28, 2025

Table of Contents

	Balance Sheet

	General Fund

	Capital Projects Fund

	Month to Month

Woodland Crossings
Community Development District Combined Balance Sheet February 28, 2025

	General Fund	Capital Projects Fund	Totals Governmental Funds	

Assets:
Operating Account	

$	23,746	

$	-	

$	23,746	
Due From Developer	$	3,590	$	20,950	$	24,540	
Total Assets	$	27,335	$	20,950	$	48,285	

Liabilities:
Accounts Payable	

$	7,835	

$	-	

$	7,835	
Contracts Payable	$	-	$	20,950	$	20,950	
Total Liabilities	$	7,835	$	20,950	$	28,785	

Fund Balances: Assigned for: Unassigned	

$	19,501	

$	-	

$	19,501	
Total Fund Balances	$	19,501	$	-	$	19,501	
				
Total Liabilities & Fund Balance	$	27,335	$	20,950	$	48,285	

Revenues		
Developer Contributions	$	224,678	$	18,314	$	18,314	$	-	
Total Revenues	$	224,678	$	18,314	$	18,314	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	5,000	$	-	$	5,000	
FICA Expenditures	$	918	$	383	$	-		
Engineering	$	15,000	$	6,250	$	3,685	$	2,565	
Attorney	$	25,000	$	10,417	$	418	$	9,999	
Management Fees	$	40,000	$	16,667	$	16,667	$	0	
Information Technology	$	1,800	$	750	$	750	$	-	
Website Administration	$	1,200	$	500	$	500	$	-	
Telephone	$	300	$	125	$	-		
Postage & Delivery	$	1,000	$	417	$	8	$	409	
Insurance	$	5,000	$	5,000	$	3,740	$	1,260	
Copies	$	1,000	$	417	$	-	$	417	
Legal Advertising	$	15,000	$	6,250	$	111	$	6,139	
Contingency	$	5,000	$	2,083	$	214	$	1,869	
Office Supplies	$	625	$	260	$	0	$	260	
Travel Per Diem	$	660	$	275	$	-	$	275	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	124,678	$	54,968	$	26,268	$	28,192	
Operations & Maintenance Field Expenditures Contingency	

$	100,000	

$	-	

$	-	

$	-	
Subtotal Field Expenditures	$	100,000	$	-	$	-	$	-	
					
Total Expenditures	$	224,678	$	54,968	$	26,268	$	28,192	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	(7,954)		
					
Fund Balance - Beginning	$	-		$	27,455		
					
Fund Balance - Ending	$	-		$	19,501		

Revenues:

Developer Advances	

$	-	$	-	$	42,528	

$	42,528	
Total Revenues	$	-	$	-	$	42,528	$	42,528	

Expenditures:

Capital Outlay - Cost Of Issuance	

$	-	$	-	$	42,528	

$	(42,528)	
Total Expenditures	$	-	$	-	$	42,528	$	(42,528)	
			
Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	-	$	85,055	
			
Fund Balance - Beginning	$	-	$	-		
			
Fund Balance - Ending	$	-	$	-		

Woodland Crossings
Community Development District Month to Month

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Total

Revenues		
Developer Contributions	$	3,758	$	3,585	$	3,743	$	3,637	$	3,590	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	18,314	
Total Revenues	$	3,758	$	3,585	$	3,743	$	3,637	$	3,590	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	18,314	

Expenditures:							
Administrative							
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	-	$	3,685	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,685	
Attorney	$	79	$	81	$	54	$	204	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	418	
Management Fees	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	16,667	
Information Technology	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	750	
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	500	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage & Delivery	$	-	$	1	$	-	$	-	$	6	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	8	
Insurance	$	-	$	-	$	-	$	-	$	3,740	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	3,740	
Copies	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Legal Advertising	$	-	$	-	$	-	$	-	$	111	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	111	
Contingency	$	53	$	43	$	38	$	38	$	41	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	214	
Office Supplies	$	-	$	0	$	-	$	-	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	0	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative:	$	3,891	$	3,709	$	3,676	$	7,511	$	7,482	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	26,268	

Operations & Maintenance							
Field Services							
Contingency	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Subtotal Field Expenses	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
							
Total Expenditures	$	3,891	$	3,709	$	3,676	$	7,511	$	7,482	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	26,268	
							
Excess Revenues (Expenditures)	$	(132)	$	(124)	$	68	$	(3,873)	$	(3,892)	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	(7,954)	

Section 3

William “Bill” Keen, Supervisor of Elections
Sumter County, Florida
elections.sumtercountyfl.gov  electioninfo@sumtercountyfl.gov  (352) 569-1540  Fax (352) 569-1541

April 17, 2025

To: Jill Burns:

As of April 15, 2025 there were 0 registered voters in the Woodland Crossing CDD.

If you have any questions, please feel free to call our office at (352) 569-1540 or email us at electioninfo@sumtercountyfl.gov

Sincerely,

William “Bill” Keen Supervisor of Elections Sumter County

MAIN OFFICE
Villages Sumter County Service Center
7375 Powell Rd., Suite 125
Wildwood, FL 34785

BUSHNELL ANNEX OFFICE
316 E. Anderson Ave. Bushnell, FL 33513