Funding Reserve Analysis
for
Waterset North CDD
April 23, 2019

Funding Reserve Analysis
for
Waterset North CDD

Table of Contents

Pages		Subject	
1	· · · · · · · · · · · ·	Report Cover Sheet	
2	· · · · · · · · · · · ·	Table of Contents	
3 to 24	· · · · · · · · · · · ·	Reserve Study Summary	
25 to 28	· · · · · · · · · · · ·	Reserve Item Summary	
29 to 39	· · · · · · · · · · · ·	Reserve Item Listing	
40 to 43	· · · · · · · · · · · ·	Present Cost Report	
44	· · · · · · · · · · · ·	Cash Flow	
45 to 46	· · · · · · · · · · · ·	Assessment Summary	
47 to 54	· · · · · · · · · · · ·	Expense Report	
55 to 64	· · · · · · · · · · · ·	Expense Summary	
Addendum	Amenity Sketches

April 23, 2019

Waterset North CDD 7024 Sail View Lane
Apollo Beach, Florida 33572 Board of Supervisors,
We are pleased to present to Waterset North CDD the requested Reserve Funding study. We believe that you will find the attached study to be thorough and complete. After you have had an opportunity to review the report you may have questions. Please do not hesitate to write or call, we would be pleased to answer any questions you may have.

Project Description
Waterset North CDD commenced operations in February 2007. The community started home construction in 2012 and the construction is currently on-going. Waterset North is comprised of single family homes and townhomes (a school and day care are also assessed). Currently, there are 1,512 owners assessed. The community has two main recreation areas, in addition to fitness trails. The  Sailview amenity area was built in 2012 and the Parkshore amenity area was built in 2015. The CDD consists of 756.111 acres and is located in Apollo Beach, Hillsborough County, Florida.

Date of Physical Inspection
The subject property was physically inspected on March 27, 2019 by Paul Gallizzi and Steven Swartz.

Study Start and Study End
This Reserve Study encompasses the 2019-2020 fiscal year plus 30 years. The Study Start Date is October 1, 2019 and the study ends on September 30, 2049.

Governing Documents
A review was made of aerials and subdivision plats for the subject property.

Depth of Study
Full Service Reserve Study with Field Inspection. A field inspection was made to verify the existing condition of the various reserve study components, their physical condition, and to verify component quantities. In place testing, laboratory testing, and non-destructive testing of the reserve study components were not performed. Field measurements of component quantities were made to either

Prepared by Florida Reserve Study and Appraisal

Waterset North CDD Funding Study Summary - Continued

verify improvement plan take offs or determine directly the quantities of various components. Photographs were taken of the site improvements.

Summary of Financial Assumptions
The below table contains a partial summary of information provided by Waterset North CDD for the Waterset North CDD funding study.  For the purpose of this report, an annual operating budget was  set to $0, as this report focuses only on reserve items.

Fiscal Calendar Year Begins	October 1	
Reserve Study by Fiscal Calendar Year Starting	October 1, 2019	
Funding Study Length	30 Years	
Number of Assessment Paying Owners	1512	
Reserve Balance as of October 1, 2019¹	$ 115,935	
Annual Inflation Rate	2.50%	
Tax Rate on Reserve Interest	0.00%	
Minimum Reserve Account Balance	$ 0	
Assessment Change Period	1 Year	
Annual Operating Budget	$ 0	
¹ See ''Financial Condition of District'' in this report.

Recommended Payment Schedule
The below table contains the recommended schedule of payments for the next six years.  The   projected life expectancy of the major components and the funding needs of  the reserves of the  District are based upon the District performing appropriate routine and preventative maintenance for each major component. Failure to perform such maintenance can negatively impact the remaining useful life of the major components and can dramatically increase the funding needs of  the reserves   of the District.
Proposed Assessments

Fiscal Calendar Year	
Owner Total Annual Assessment	
District Annual Reserve
Assessment	
Proposed Reserve Balance	
2019	$ 138	$ 208,000	$ 326,050	
2020	$ 141	$ 213,200	$ 512,963	
2021	$ 145	$ 218,530	$ 722,398	
2022	$ 148	$ 223,993	$ 796,043	
2023	$ 152	$ 229,593	$ 589,314	
2024	$ 156	$ 235,333	$ 750,109	
* Annual Reserve Payments have been manually modified.

Prepared by Florida Reserve Study and Appraisal

Waterset North CDD Funding Study Summary - Continued

Payments have been modified to smooth payments over time.
Fiscal Year beginning October 1, 2019

Reserve Study Assumptions
Cost estimates and financial information are accurate and current.
No unforeseen circumstances will cause a significant reduction of reserves.
Sufficient comprehensive property insurance exists to protect from insurable risks.
The District plans to continue to maintain the existing common areas and amenities.
Reserve payments occur at the end of every calendar month.
Expenses occur throughout the year, as services are provided.

Impact of Component Life
The projected life expectancy of the major components and the reserve funding needs of the District are closely tied.  Performing the appropriate routine maintenance for each major   component  generally increases the component useful life, effectively moving the component expense into the future which reduces the reserve funding payments of the District. Failure to perform such  maintenance can shorten the remaining useful life of the  major  components,  bringing  the replacement expense closer to the present which increases the reserve funding payments of the  District. Also, some reserves items may have the phrase allowance after it. These reserve items are something that would not be fully replaced at one time, but a small portion may have to be replaced periodically.

Inflation Estimate
Inflation has been estimated at 2.50 percent over the course of the study.

Initial Reserves
Through February 28, 2019, there was $115,935 set aside for reserves. The projected reserve  balance on October 1, 2019 will be $115,935. These numbers were obtained from the District on the official February 2019 balance sheet and the 2018-2019 fiscal year budget. October 1, 2019 starts the next  fiscal year. September 30, 2020 marks the end of the fiscal year.

Financial Condition of District
The pooled method with inflation reserve projections estimate $137.57 per owner per year in fiscal year 2019-2020 and $208,000 in total funding.

At the current time, the District is considered to be 17 percent funded. This represents a poorly- funded status. The higher the percent funded, the more likely a District is to avoid a special assessment.
The following are general measures to the health of a District based on the percent funding model:  0- 30% funded:	poorly funded

30-70% funded:	fairly funded 70-100% funded:	well funded
100+% funded:	very well funded

Special Assessments
No reserve items will require special assessments if the funding schedule is followed. However, funding less than the suggested amounts will likely result in special assessments or for the replacement of an item to be delayed.

Reserve Funding Goal
The reserve fund is set to be as close to Fully Funded as possible on an annual basis.

Study Method
Funding studies may be done in several ways, but we believe that the value of a funding study lies in   the details. "Bulk" studies are quick, usually inexpensive, and almost always border on worthless. We believe that meaningful answers to funding studies lie in the details. This approach is pragmatic, and allows human judgment and experience to enter into the equation.

Unless noted otherwise, the present cost of every reserve item in this report has been estimated using   the "National Construction Estimator", a nationally recognized standard, and modified by an area cost adjustment factor. Where possible, known costs have been used. In addition, every reserve item has been given an estimated remaining useful life, an estimated useful life when new, and has been cast   into the future to determine the inflated cost.

Equal annual payments are calculated for each reserve item based upon a payment starting year and a payment ending year using the end of period payment method. Interest earned on accumulated reserve funds and taxes on the reserve interest are also calculated. Initial reserve funds are consumed as  expenses occur until fully depleted, reducing annual reserve payments to a minimum.  As you review  this report, we are certain that you will appreciate the level of detail provided, allowing you to review each reserve item in detail.

Summary of Findings
We have estimated future projected expenses for Waterset North CDD based upon preservation of existing improvements. The attached funding study is limited in scope to those expense items listed in the attached "Waterset North CDD Reserve Study Expense Items". Expense items which have an expected life of more than 30 Years are  not included in this  reserve  study unless  payment for these long lived items overlaps the 30 Years reserve study envelope.

Of primary concern is the preservation of a positive balance with funds sufficient to meet projected expenses throughout the study life. Based upon the attached funding study, it is our professional opinion that owner monthly fees as shown in the attached "Waterset North CDD Assessment

Summary" will realize this goal.  Some reserve items in the "Revenue Summary Table" may not   contain payments. In this analysis the initial reserves were used to make annual payments for expense items in their order of occurrence until the initial reserve was consumed. As a result reserve items without payments may be expected, particularly in the first few years of the funding study. Waterset North CDD represents and warrants that the information provided to us, including but not limited to   that information contained in the attached Reserve Study Information Summary, that the maintenance records are complete and  accurate, and that we  may rely upon such  information and documents without further verification or corroboration. Where the age of a particular Reserve  Item (as  listed in  the Reserve Study) is unknown, Waterset North CDD shall provide to us Waterset North CDD's best- estimated age of that item.  If Waterset North CDD is unable to provide and estimate of a Reserve   Item's age, we shall make our own estimate of age of the Reserve Item.  The Reserve Study is created   for the District's use, and is a reflection of information provided to us. This information is not for the purpose of performing an audit, historical records, quality  or  forensic  analyses.  Any  on  site inspection is not considered to be a project audit or quality inspection. The actual or projected total presented in the reserve study is based upon information provided and was not audited.

Percent Funded
Many reserve studies use the concept of "Percent Funded" to measure the reserve account balance against a theoretically perfect value. Percent Funded is often used as a measure of the "Financial Health" of a District. The assumption is, the higher the percentage, the greater the "Financial Health". We believe the basic premise of ''Fully Funded'' is sound, but we also believe that the validity of the Fully Funded value must be used with caution.

To answer the question, some understanding of Percent  Funded is  required.  Fully Funded  is the  sum of the depreciation of all the components by year.  To get the Percent Funded, divide the year end  reserve balance by the Fully Funded value and multiply by 100 to get a percentage.  The concept of  Fully Funded is useful when the  reserve  study is comprehensive, but  misleading when the reserve study is superficial or constrained. As a result, we recommend that the statement "Percent Funded" be used with caution.

Keeping Your Reserve Study Current
We believe that funding studies are an essential part of property management. People and property are constantly changing and evolving. As a result, the useful life of a funding study is at best a few years, and certainly not more than five years. This reserve study should be updated:

At least once every few years
At changes in the number of assessment paying owners
Before starting new improvements
Before making changes to the property
After a flood or fire
After the change of ownership or management

After Annexation or Incorporation

Items Beyond the Scope of this Report
Building or land appraisals for any purpose.
State or local zoning ordinance violations.
Building code violations.
Soils conditions, soils contamination or geological stability of site.
Engineering analysis or structural stability of site.
Air quality, asbestos, electromagnetic radiation, formaldehyde, lead, mercury, radon, water quality  or other environmental hazards.
Invasions by pests, termites and any or all other destroying organisms, insects, birds, bats or animals  to buildings or site. This study is not a pest inspection.
Adequacy or efficiency of any system or component on site.
Specifically excluded reserve items.
Septic systems and septic tanks.
Buried or concealed portions of swimming pools, pool liners, Jacuzzis and spas or similar items.
Items concealed by signs, carpets or other things are also excluded from this study.
Missing or omitted information supplied by the Waterset North CDD for the purposes of reserve study preparation.
Hidden improvements such as sewer lines, water lines, irrigation lines or other buried or concealed items.

Stormwater Drainage Notes
Waterset North has a large land area comprising 1,512 units encompassing approximately 756 acres. The drainage for the community is comprised of inlets, drainage pipes, and retention ponds.

The ponds have been constructed to engineering standards that include proper slopes and shore line stabilization which includes erosion protection and approved backfill materials such as soils with a high clay content covered within 2 inches of sand.

The entire residential area including all roads  and  open areas  have  a complete drainage system. Overall, there are 267 curb inlets, 63 manholes, 124 mitered end sections, 15 finished end sections, 10 end walls, 85 grate inlets, 13 yard drains, 46 control structures, 3 junction boxes, 2 box culverts, and 1 weir.   Also, there is 49,077 feet of reinforced concrete piping ranging in size from a 15 inch diameter   to a 66 inch diameter. Additionally, there is 1,292 LF of PVC and HDPE piping.

Waterset North Storm Water Pipes

Concrete:
Diameter	
Length	
Cost/LF	
Amount	
15"	3559'	48.00	$ 170,832	

18"	18349'	60.00	$1,100,940	
24"	8954'	84.00	$ 752,136	
30"	6620'	108.00	$ 714,960	
36"	4339'	132.00	$ 572,748	
42"	3702'	156.00	$ 577,512	
48"	1060'	180.00	$ 190,812	
54"	80'	204.00	$	16,320	
60"	1472'	228.00	$ 335,616	
66"	942'	252.00	$ 237,384	
HDPE-PVC:
Diameter	

Length	

Cost/LF	

Amount	
12"	1292'	36.00	$	46,512	

Other Drainage:			
Curb Inlets	267@3500 =	$934,500	
Manholes	63@2650 =	$166,950	
Mitered End Sections	124@1800 =	$223,200	
Finished End Sections	15@1800 =	$ 27,000	
Junction Boxes	3@3500 =	$ 7,000	
Box Culverts	2@10000 =	$ 20,000	
Grate Inlets	85@3000 =	$255,000	
Yard Drains	13@1500 =	$ 19,500	
Control Structures	46@3500 =	$161,000	
Weir	1@6000 =	$	6,000	
Grand Total		$6,349,410	

In general, the drainage system including drainage structures and drainage pipes have a long lifespan. These improvements, however, may encounter problems from natural causes such as settlement or tree roots and man made causes such as excavations or poor original design or poor construction. It has therefore been deemed necessary to set up a reserve for repair and replacement of the District-owned drainage improvements.

For the purpose of this reserve study, it is our opinion that 2.5 percent of the original system cost  should be set aside for reserves over a 5 year period, which would result in a reserve over that time of
$158,700. These reserves can also be used for deferred maintenance of the storm drainage system, as some minor problems may occur at various times. The amounts shown in this reserve study should be analyzed and adjusted in future reserve studies based upon actual District expenditures for such items.

Paving Notes
Asphalt paved roads and parking areas have a varying expected life from approximately 15 years to 30 years.  It is typical to  assume an  expected life of 20 years in  the subject community.  In  Waterset North CDD, there are several alleys that are the repsonsibility of the CDD. Additionally, there are parking spaces on the streets that are also the responsibility of Waterset North CDD. Currently, the  alleys and parking areas are in good condition. As roads age, this physical condition can be evaluated  and the expected remaining life of the roads can be re-evaluated.

Pond Banks Notes
Drainage ponds require routine and non-routine maintenance. Routine maintenance includes mowing debris removal and catch  basin cleaning.  Mowing on  a regular basis enhances the aesthetics of  the area as well as helping to prevent erosion. Proper mowing of the banks helps the ground cover    maintain a healthy root system, which minimizes erosion. Trash, debris, and litter removal reduces obstructions to inlets and outlets allow the storm water system to function as designed. Cleaning catch basins is also considered routine maintenance. For the purpose of this  reserve  study,  the  cost  of routine maintenance is not a reserve item.

Non-routine maintenance is a reserve item. Non-routine maintenance includes bank erosion and stabilization, sediment removal, and structural repairs and replacement. From time to time, some of these ponds may encounter erosion of their banks and require repairs. All ponds react differently due  to original construction, slope of the bank, soil or environmental conditions, and other factors.

In Waterset North, there are 50 retention ponds for stormwater drainage. These ponds are estimated to have 64,801 linear feet of shoreline area encompassing 117.69 acres. During the site inspection, we observed most shorelines in good condition. It is not likely that all of the shoreline area will erode and need to be replaced.  We have estimated that approximately 5 percent of the shoreline will erode and  need refurbishment over a  5 year period.  An  erosion  control reserve for repair of ponds is  necessary for the proper upkeep in the District. This number can be adjusted in future reserve planning if necessary.

Sidewalk Notes
Most of the sidewalk has an indefinite life.  However, certain small sections may need maintenance or  to be replaced due to problems such as tree roots uprooting the sidewalk.  It is our estimate that 5  percent of the cost new of the sidewalk be set aside over a 5-year period to reserve for these repairs.
There is approximately 220,000 SF of common area sidewalk on the District grounds. The estimated replacement cost new is approximately $1,100,000, which would result in a sidewalk repair reserve of
$55,000 over a 5-year  period.

Statement of Qualifications
Paul Gallizzi and Steven Swartz are professionals in the business of preparing reserve studies and insurance appraisals for community associations. We have provided detailed analysis of over

300,000 apartment, villa, townhome, and condominium units. We have prepared insurance appraisals and reserve studies for all types of community associations including high rise condominiums, mid-   rise condominiums, garden-style condominiums, townhouse developments, single family homeowners associations, etc.  We both hold  engineering degrees  from  fully accredited universities.  Paul  Gallizzi is a State Certified General Real Estate Appraiser License Number RZ 110 and a State Certified   General Contractor License Number CGC 019465. Steven Swartz is  a designated Reserve  Specialist, RS No.214, from the Community Associations Institute as well  as  a State  Certified General Real Estate Appraiser License Number RZ 3479.

Conflict of Interest
As the preparers of this reserve study, we certify that we do not have any vested interests, financial interests, or other interests that would cause a conflict of interest in the preparation of this reserve study.

We would like to thank Waterset North CDD for the opportunity to be of service in the preparation of the attached Funding Study. Again, please feel free to write or call at our letterhead address, if you   have any questions.

Prepared by:

Paul Gallizzi	Steven M. Swartz, RS

Enclosures:
13 Pages of Photographs Attached

Street Parking Space	Typical Alley

Fitness Center	Fitness Center

Fitness Center Equipment	Fitness Center Restroom

Fitness Center HVAC	Park Bench

Sidewalk	Typical Pond

Trash Can	Outdoor Fitness Equipment

Outdoor Fitness Equipment	Lantern Park/Hermes Lighting

Artesian Court Playstructure	Park Trellises

Park Trellises	Bowspirit/Milestone Fountain

Stormwater Drainage Curb Inlet	Stormwater Drainage Control Structure

Retaining Wall and Fence	Splash Pad

Splash Pad	Splash Pad Pumps and Equipment

Splash Pad Pumps and Equipment	Dog Park

Pool Area and Playground Fencing	Lakeside Playground Large Playstructure

Lakeside Playground Small Playstructure	Lakeside Playground Auxiliary Playstructure

Lakeside Playground Swingset	Lakeside Restroom Building

Lakeside Restroom Building	Lakeside Restroom Building HVAC

Lakeside Restroom Building Trellis	Lakeside Splash Pad Canopies

Lakeside Hammock	Lakeside BBQ Grill

Lakeside Outdoor Furniture	Lakeside Outdoor Furniture

Lakeside Deck Area	Lakeside Parking Lot

Lakeside Asphalt Trail	Landing Area Parking Lot

Landing Area Pavers	Landing Area Dock

Landing Cafe	Landing Cafe

Landing Cafe	Landing Cafe Roof

Landing Cafe Kitchen Equipment	Landing Cafe Kitchen Equipment

Landing Cafe Kitchen Equipment	Landing Cafe Kitchen Equipment

Landing Cafe Furniture	Landing Cafe Furniture

Landing Cafe Restroom	Landing Cafe Meeting Room

Landing Cafe Offices	Landing Cafe Offices

Landing Cafe Outdoor Furniture	Landing Cafe HVAC Units

Pool Area	Pool Pumps and Equipment

Pool Heaters	Pool Furniture

Pool Lift	Pool Restrooms

Pool Surface	Pool Pavers

Pool Fence	Maintenance Building

Screen Pavilion	Screen Pavilion

Waterset North CDD Reserve Study Expense Item Summary

Reserve Items	Current Cost When New	
Estimated Remaining Life	Expected Life When New	First Replacement Cost	
Repeating Item?	
Alleys and Street Parking	
Paving 1 Inch Mill and Asphalt Overlay	
$ 58,813	
15 Years	
20 Years	
$ 87,702	
Yes	
	
Fitness Center	
Cardio Equipment	$ 56,000	3 Years	10 Years	$ 61,883	Yes	
Strength Equipment	$ 7,000	13 Years	20 Years	$ 9,930	Yes	
Restroom Refurbishment	$ 30,000	8 Years	15 Years	$ 37,561	Yes	
HVAC Units 4.0 Tons	$ 13,600	5 Years	12 Years	$ 15,798	Yes	
Rubber Exercise Flooring	$ 5,670	5 Years	12 Years	$ 6,587	Yes	
Metal Roofing	$ 23,200	23 Years	30 Years	$ 42,247	Yes	
Fitness Center Flat Roof	$ 8,085	11 Years	18 Years	$ 10,910	Yes	
Exterior Painting	$ 3,024	1 Years	8 Year	$ 3,179	Yes	
Interior Painting	$ 3,629	3 Years	10 Years	$ 4,010	Yes	
	
Grounds	
Park Benches Phase 1	$ 24,800	8 Years	15 Years	$ 31,050	Yes	
Park Benches Phase 2	$ 24,800	11 Years	15 Years	$ 33,466	Yes	
Common Area Sidewalk Repair Allowance	
$ 55,000	
4 Years	
5 Years	
$ 62,315	
Yes	
Pond Bank Erosion Control	$ 129,600	4 Years	5 Years	$ 146,837	Yes	
Trash Cans	$ 9,000	8 Years	15 Years	$ 11,268	Yes	
Outdoor Fitness Equipment	$ 25,000	8 Years	15 Years	$ 31,301	Yes	
Lantern Park/Hermes Trellises	
$ 10,000	
11 Years	
15 Years	
$ 13,494	
Yes	
Lantern Park/Hermes LED Fixtures	
$ 7,000	
16 Years	
20 Years	
$ 10,702	
Yes	
Lantern Park/Hermes Pavers	
$ 23,600	
21 Years	
25 Years	
$ 40,881	
Yes	
Artesian Court Playstructure	
$ 15,000	
9 Years	
15 Years	
$ 19,255	
Yes	
Meeting Park Lane Trellises	
$ 4,000	
11 Years	
15 Years	
$ 5,398	
Yes	
Bowspirt/Bowspirit Trellises	
$ 2,400	
9 Years	
15 Years	
$ 3,081	
Yes	
Bowspirt/Milestone Trellises	
$ 14,800	
10 Years	
15 Years	
$ 19,479	
Yes	
Bowspirt/Milestone Fountain	
$ 3,000	
10 Years	
15 Years	
$ 3,948	
Yes	
Stormwater Drainage Allowance	
$ 158,700	
4 Years	
5 Years	
$ 179,807	
Yes	
Retaining Wall with Fence Waterset Blvd	
$ 42,250	
25 Years	
30 Years	
$ 80,877	
Yes	

Waterset North CDD Funding Study Expense Item Summary - Continued

Reserve Items	Current Cost When New	
Estimated Remaining Life	Expected Life When New	First Replacement Cost	
Repeating Item?	
Aluminum Fence 5' Along Trail	
$ 62,755	
14 Years	
20 Years	
$ 91,272	
Yes	
	
Lakeside	
Splash Pad Repair Allowance	
$ 25,000	
6 Years	
10 Years	
$ 29,776	
Yes	
Splash Pad Pumps and Equipment	
$ 18,500	
4 Years	
8 Years	
$ 20,961	
Yes	
Dog Park Fence 4' Aluminum	
$ 24,360	
16 Years	
20 Years	
$ 37,244	
Yes	
Dog Play Structures	$ 4,800	11 Years	15 Years	$ 6,477	Yes	
Dog Park Canopies	$ 4,950	2 Years	6 Years	$ 5,335	Yes	
Pool Area and Playground Aluminum Fencing	
$ 42,360	
16 Years	
20 Years	
$ 64,765	
Yes	
Lakeside Large Playground Structure	
$ 45,000	
11 Years	
15 Years	
$ 60,725	
Yes	
Lakeside Small Playground Structure	
$ 18,000	
11 Years	
15 Years	
$ 24,290	
Yes	
Auxiliary Play Structures	$ 10,000	11 Years	15 Years	$ 13,494	Yes	
Lakeside Swingset	$ 3,000	21 Years	25 Years	$ 5,197	Yes	
Playground Canopies	$ 4,200	2 Years	6 Years	$ 4,527	Yes	
Restroom Building Metal Roof	
$ 23,940	
14 Years	
18 Years	
$ 34,819	
Yes	
Restroom Building Interior Paint	
$ 3,262	
6 Years	
10 Years	
$ 3,885	
Yes	
Restroom Building Exterior Paint	
$ 1,430	
4 Years	
8 Years	
$ 1,621	
Yes	
Restroom Building Restroom Refurbishment	
$ 20,000	
11 Years	
15 Years	
$ 26,989	
Yes	
Restroom Building HVAC	$ 2,000	8 Years	12 Years	$ 2,504	Yes	
Trellis Replacement	$ 52,800	11 Years	15 Years	$ 71,250	Yes	
Splash Pad Canopies	$ 4,980	2 Years	6 Years	$ 5,367	Yes	
Hammocks	$ 2,400	6 Years	10 Years	$ 2,858	Yes	
BBQ Grills	$ 2,100	11 Years	15 Years	$ 2,834	Yes	
Splash Pad Outdoor Furniture	
$ 23,800	
4 Years	
8 Years	
$ 26,965	
Yes	
	
Lakeside Area Grounds	
Dock Deck Boards and Railings	
$ 48,240	
11 Years	
15 Years	
$ 65,097	
Yes	
Dock Repair Allowance	$ 6,030	4 Years	8 Years	$ 6,832	Yes	
Dock Structure and Frame	$ 24,120	26 Years	30 Years	$ 47,339	Yes	

Waterset North CDD Funding Study Expense Item Summary - Continued

Reserve Items	Current Cost When New	
Estimated Remaining Life	Expected Life When New	First Replacement Cost	
Repeating Item?	
Parking Lot Paving 1 Inch Asphalt Overlay	
$ 20,321	
14 Years	
18 Years	
$ 29,556	
Yes	
Lake Trail Asphalt Overlay	$ 149,640	14 Years	18 Years	$ 217,640	Yes	
Security Camera System	$ 10,000	6 Years	10 Years	$ 11,910	Yes	
	
Landing Area Grounds	
Security Camera System	$ 10,000	3 Years	10 Years	$ 11,051	Yes	
Landing Playground Structure	
$ 20,000	
8 Years	
15 Years	
$ 25,041	
Yes	
Landing Swingset	$ 1,500	18 Years	25 Years	$ 2,411	Yes	
Parking Lot Paving 1 Inch Asphalt Overlay	
$ 34,178	
11 Years	
18 Years	
$ 46,121	
Yes	
Scenic Trail Paving Asphalt Overlay	
$ 69,498	
11 Years	
18 Years	
$ 93,783	
Yes	
Landings Area Pavers	$ 76,152	18 Years	25 Years	$ 122,393	Yes	
Dock Deck Boards and Railings	
$ 16,000	
8 Years	
15 Years	
$ 20,032	
Yes	
Dock Repair Allowance	$ 2,000	1 Years	8 Year	$ 2,102	Yes	
Dock Structure and Frame	$ 8,000	23 Years	30 Years	$ 14,568	Yes	
Split Rail Wooden Fencing	$ 9,300	13 Years	20 Years	$ 13,193	Yes	
	
Landing Café	
Commercial Kitchen/Bar Equipment	
$ 40,000	
8 Years	
15 Years	
$ 50,081	
Yes	
Solid Surface Counter Tops	$ 15,000	14 Years	20 Years	$ 21,816	Yes	
Café Open Room Furniture	$ 18,000	8 Years	15 Years	$ 22,537	Yes	
Restroom Refurbishment	$ 10,000	8 Years	15 Years	$ 12,520	Yes	
Meeting Room Screens/Projectors	
$ 6,000	
5 Years	
12 Years	
$ 6,970	
Yes	
Meeting Room Carpeting	$ 1,040	1 Years	8 Year	$ 1,093	Yes	
Meeting Room Cabinets	$ 10,000	13 Years	20 Years	$ 14,186	Yes	
Meeting Room Furniture	$ 7,000	8 Years	15 Years	$ 8,764	Yes	
Small Café Flat Roofing	$ 10,290	11 Years	18 Years	$ 13,886	Yes	
Main Cafe Metal Roofing	$ 75,040	23 Years	30 Years	$ 136,646	Yes	
Office Cabinets and Furniture	
$ 23,000	
13 Years	
20 Years	
$ 32,627	
Yes	
Computers and Equipment Allowance	
$ 8,000	
3 Years	
5 Years	
$ 8,840	
Yes	
Outdoor Furniture	$ 10,300	3 Years	10 Years	$ 11,382	Yes	
HVAC Units 4.0 Tons	$ 34,000	5 Years	12 Years	$ 39,496	Yes	
Exterior Painting	$ 2,611	1 Years	8 Year	$ 2,745	Yes	

Waterset North CDD Funding Study Expense Item Summary - Continued

Reserve Items	Current Cost When New	
Estimated Remaining Life	Expected Life When New	First Replacement Cost	
Repeating Item?	
	
Pool Area	
Pool Access System	$ 5,000	8 Years	15 Years	$ 6,260	Yes	
Pool Pumps and Equipment	$ 7,400	1 Years	8 Year	$ 7,779	Yes	
Pool Heaters	$ 10,000	3 Years	10 Years	$ 11,051	Yes	
Pool Furniture	$ 10,200	1 Years	8 Year	$ 10,722	Yes	
Pool Lift	$ 7,000	5 Years	12 Years	$ 8,132	Yes	
Pool Cabana Restrooms Refurbishment	
$ 10,000	
8 Years	
15 Years	
$ 12,520	
Yes	
Pool Building Exterior Paint	
$ 930	
1 Years	
8 Year	
$ 978	
Yes	
Pool Building Interior Paint	$ 1,454	3 Years	10 Years	$ 1,607	Yes	
Pool Building Flat Roof	$ 1,498	11 Years	18 Years	$ 2,021	Yes	
Pool Resurface	$ 39,360	3 Years	10 Years	$ 43,495	Yes	
Pool Area Pavers	$ 33,600	18 Years	25 Years	$ 54,003	Yes	
Pool Fence 4' Aluminum	$ 14,245	13 Years	20 Years	$ 20,207	Yes	
	
Screen Pavilion	
Metal Roofing	$ 10,240	23 Years	30 Years	$ 18,647	Yes	
Exterior Painting	$ 1,000	1 Years	8 Year	$ 1,051	Yes	
Exterior Screening	$ 4,780	3 Years	10 Years	$ 5,282	Yes	
Furniture/Game Tables	$ 3,900	5 Years	12 Years	$ 4,530	Yes	
	
Maintenance  Building	
Exterior Painting	$ 835	1 Years	8 Year	$ 878	Yes	
Metal Roofing	$ 4,500	23 Years	30 Years	$ 8,194	Yes	
Months Remaining in Fiscal Calendar Year 2019: 12 Expected annual inflation: 2.50%
Interest earned on reserve funds: 1.00% Initial Reserve: $ 115,935

Waterset North CDD Reserve Study Expense Item Listing

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
Alleys and Street Parking	
Paving 1 Inch Mill and Asphalt Overlay	
$ 1.10 / sf	
53466 sf	
$ 58,813	15 Years

20 Years	
20 Years	2034

2054	$ 87,702

$ 144,520	
	
Fitness Center	
				3 Years		2022	$ 61,883	
Cardio Equipment	
$ 56,000 / total	
1 total	
$ 56,000	

10 Years	
10 Years	2032
2042	$ 79,439
$ 101,975	
						2052	$ 130,904	
Strength Equipment	
$ 7,000 / total	
1 total	
$ 7,000	13 Years
20 Years	
20 Years	2032
2052	$ 9,930
$ 16,363	
				8 Years		2027	$ 37,561	
Restroom
Refurbishment	$ 15,000 ea	2	$ 30,000	
15 Years	15 Years	2042
2057	$ 54,629
$ 79,454	
				5 Years		2024	$ 15,798	
HVAC Units 4.0
Tons	$ 6,800 ea	2	$ 13,600	
12 Years	12 Years	2036
2048	$ 21,319
$ 28,769	
				5 Years		2024	$ 6,587	
Rubber Exercise
Flooring	$ 4.50 / sf	1260 sf	$ 5,670	
12 Years	12 Years	2036
2048	$ 8,888
$ 11,994	

Metal Roofing	
$ 10.00 / sf	
2320 sf	
$ 23,200	23 Years
30 Years	
30 Years	2042
2072	$ 42,247
$ 89,367	
Fitness Center Flat Roof	
$ 7.00 / sf	
1155 sf	
$ 8,085	11 Years
18 Years	
18 Years	2030
2048	$ 10,910
$ 17,103	
				1 Year		2020	$ 3,179	
						2028	$ 3,882	
Exterior Painting	$ 1.20 / sf	2520 sf	$ 3,024		8 Years	2036	$ 4,740	
				8 Year		2044	$ 5,789	
						2052	$ 7,069	
				3 Years		2022	$ 4,010	

Interior Painting	
$ 1.20 / sf	
3024 sf	
$ 3,629	

10 Years	
10 Years	2032
2042	$ 5,148
$ 6,608	
						2052	$ 8,483	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
	
Grounds	

Park Benches Phase 1	

$ 800 ea	

31	

$ 24,800	8 Years

15 Years	

15 Years	2027
2042
2057	$ 31,050
$ 45,160
$ 65,682	

Park Benches Phase 2	

$ 800 ea	

31	

$ 24,800	11 Years

15 Years	

15 Years	2030
2045
2060	$ 33,466
$ 48,674
$ 70,792	

Common Area Sidewalk Repair Allowance	

$ 55,000 / total	

1 total	

$ 55,000	Years

Years	

5 Years	2023
2028
2033
2038
2043
2048	$ 62,315
$ 70,603
$ 79,993
$ 90,633
$ 102,687
$ 116,344	

Pond Bank Erosion Control	

$ 129,600 / total	

1 total	

$ 129,600	Years

Years	

5 Years	2023
2028
2033
2038
2043
2048	$ 146,837
$ 166,366
$ 188,493
$ 213,563
$ 241,967
$ 274,149	

Trash Cans	

$ 500 ea	

18	

$ 9,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 11,268
$ 16,389
$ 23,836	

Outdoor Fitness Equipment	

$ 2,500 ea	

10	

$ 25,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 31,301
$ 45,525
$ 66,212	
Lantern Park/Hermes Trellises	

$ 50.00 / sf	

200 sf	

$ 10,000	11 Years

15 Years	

15 Years	2030
2045
2060	$ 13,494
$ 19,627
$ 28,545	
Lantern Park/Hermes LED Fixtures	
$ 500 ea	
14	
$ 7,000	16 Years

20 Years	
20 Years	2035

2055	$ 10,702

$ 17,636	
Lantern Park/Hermes Pavers	
$ 8.00 / sf	
2950 sf	
$ 23,600	21 Years

25 Years	
25 Years	2040

2065	$ 40,881

$ 76,327	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	

Artesian Court Playstructure	

$ 15,000 ea	

1	

$ 15,000	9 Years

15 Years	

15 Years	2028
2043
2058	$ 19,255
$ 28,005
$ 40,732	

Meeting Park Lane Trellises	

$ 50.00 / sf	

80 sf	

$ 4,000	11 Years

15 Years	

15 Years	2030
2045
2060	$ 5,398
$ 7,851
$ 11,418	

Bowspirt/Bowspi rit Trellises	

$ 50.00 / sf	

48 sf	

$ 2,400	9 Years

15 Years	

15 Years	2028
2043
2058	$ 3,081
$ 4,481
$ 6,517	

Bowspirt/Milesto ne Trellises	

$ 50.00 / sf	

296 sf	

$ 14,800	10 Years

15 Years	

15 Years	2029
2044
2059	$ 19,479
$ 28,331
$ 41,205	

Bowspirt/Milesto ne Fountain	

$ 3,000 ea	

1	

$ 3,000	10 Years

15 Years	

15 Years	2029
2044
2059	$ 3,948
$ 5,743
$ 8,352	

Stormwater Drainage Allowance	

$ 158,700 / total	

1 total	

$ 158,700	Years

Years	

5 Years	2023
2028
2033
2038
2043
2048	$ 179,807
$ 203,722
$ 230,817
$ 261,516
$ 296,298
$ 335,706	
Retaining Wall with Fence Waterset Blvd	
$ 130 / lf	
325 lf	
$ 42,250	25 Years

30 Years	
30 Years	2044

2074	$ 80,877

$ 171,083	
Aluminum Fence 5' Along Trail	
$ 35.00 / lf	
1793 lf	
$ 62,755	14 Years
20 Years	
20 Years	2033
2053	$ 91,272
$ 150,404	
	
Lakeside	

Splash Pad Repair Allowance	

$ 25,000 ea	

1	

$ 25,000	6 Years

10 Years	

10 Years	2025
2035
2045
2055	$ 29,776
$ 38,223
$ 49,066
$ 62,986	
Splash Pad Pumps and	
$ 18,500 / total	
1 total	
$ 18,500	4 Years
8 Years	
8 Years	2023
2031	$ 20,961
$ 25,596	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
Splash Pad Pumps and Equipment	

$ 18,500 / total	

1 total	

$ 18,500	

8 Years	

8 Years	2039
2047
2055	$ 31,256
$ 38,169
$ 46,610	
Dog Park Fence 4' Aluminum	
$ 35.00 / lf	
696 lf	
$ 24,360	16 Years
20 Years	
20 Years	2035
2055	$ 37,244
$ 61,374	

Dog Play Structures	

$ 1,200 ea	

4	

$ 4,800	11 Years

15 Years	

15 Years	2030
2045
2060	$ 6,477
$ 9,421
$ 13,702	

Dog Park Canopies	

$ 15.00 / sf	

330 sf	

$ 4,950	2 Years

6 Years	

6 Years	2021
2027
2033
2039
2045
2051	$ 5,335
$ 6,198
$ 7,199
$ 8,363
$ 9,715
$ 11,286	
Pool Area and Playground Aluminum Fencing	

$ 40.00 / lf	

1059 lf	

$ 42,360	16 Years

20 Years	

20 Years	2035

2055	$ 64,765

$ 106,724	
Lakeside Large Playground Structure	

$ 45,000 / total	

1 total	

$ 45,000	11 Years

15 Years	

15 Years	2030
2045
2060	$ 60,725
$ 88,319
$ 128,454	
Lakeside Small Playground Structure	

$ 18,000 / total	

1 total	

$ 18,000	11 Years

15 Years	

15 Years	2030
2045
2060	$ 24,290
$ 35,328
$ 51,382	

Auxiliary Play Structures	

$ 10,000 / total	

1 total	

$ 10,000	11 Years

15 Years	

15 Years	2030
2045
2060	$ 13,494
$ 19,627
$ 28,545	
Lakeside Swingset	
$ 3,000 / total	
1 total	
$ 3,000	21 Years
25 Years	
25 Years	2040
2065	$ 5,197
$ 9,703	

Playground Canopies	

$ 15.00 / sf	

280 sf	

$ 4,200	2 Years

6 Years	

6 Years	2021
2027
2033
2039
2045	$ 4,527
$ 5,259
$ 6,109
$ 7,096
$ 8,243	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
Playground	$ 15.00 / sf	280 sf	$ 4,200	6 Years	6 Years	2051	$ 9,576	
Restroom Building Metal Roof	
$ 10.00 / sf	
2394 sf	
$ 23,940	14 Years

18 Years	
18 Years	2033

2051	$ 34,819

$ 54,581	

Restroom Building Interior Paint	

$ 1.20 / sf	

2718 sf	

$ 3,262	6 Years

10 Years	

10 Years	2025
2035
2045
2055	$ 3,885
$ 4,987
$ 6,401
$ 8,217	

Restroom Building Exterior Paint	

$ 1.20 / sf	

1192 sf	

$ 1,430	4 Years

8 Years	

8 Years	2023
2031
2039
2047
2055	$ 1,621
$ 1,979
$ 2,417
$ 2,951
$ 3,604	
Restroom Building Restroom Refurbishment	

$ 20,000 ea	

1	

$ 20,000	11 Years

15 Years	

15 Years	2030

2045

2060	$ 26,989

$ 39,253

$ 57,091	

Restroom Building HVAC	

$ 2,000 ea	

1	

$ 2,000	8 Years

12 Years	

12 Years	2027
2039
2051	$ 2,504
$ 3,379
$ 4,560	

Trellis Replacement	

$ 40.00 / sf	

1320 sf	

$ 52,800	11 Years

15 Years	

15 Years	2030
2045
2060	$ 71,250
$ 103,628
$ 150,719	

Splash Pad Canopies	

$ 15.00 / sf	

332 sf	

$ 4,980	2 Years

6 Years	

6 Years	2021
2027
2033
2039
2045
2051	$ 5,367
$ 6,235
$ 7,243
$ 8,414
$ 9,774
$ 11,354	

Hammocks	

$ 600 ea	

4	

$ 2,400	6 Years

10 Years	

10 Years	2025
2035
2045
2055	$ 2,858
$ 3,669
$ 4,710
$ 6,047	
BBQ Grills	$ 700 ea	3	$ 2,100	11 Years	15 Years	2030	$ 2,834	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	

BBQ Grills	
$ 700 ea	
3	
$ 2,100	
15 Years	
15 Years	2045
2060	$ 4,122
$ 5,995	

Splash Pad Outdoor Furniture	

$ 23,800 / total	

1 total	

$ 23,800	4 Years

8 Years	

8 Years	2023
2031
2039
2047
2055	$ 26,965
$ 32,929
$ 40,211
$ 49,104
$ 59,963	
	
Lakeside Area Grounds	
Dock Deck Boards and Railings	

$ 40.00 / sf	

1206 sf	

$ 48,240	11 Years

15 Years	

15 Years	2030
2045
2060	$ 65,097
$ 94,678
$ 137,703	

Dock Repair Allowance	

$ 5.00 / sf	

1206 sf	

$ 6,030	4 Years

8 Years	

8 Years	2023
2031
2039
2047
2055	$ 6,832
$ 8,343
$ 10,188
$ 12,441
$ 15,192	
Dock Structure and Frame	
$ 20.00 / sf	
1206 sf	
$ 24,120	26 Years
30 Years	
30 Years	2045
2075	$ 47,339
$ 100,139	
Parking Lot Paving 1 Inch Asphalt Overlay	
$ 1.10 / sf	
18474 sf	
$ 20,321	14 Years

18 Years	
18 Years	2033

2051	$ 29,556

$ 46,331	
Lake Trail Asphalt Overlay	
$ 3.00 / sf	
49880 sf	
$ 149,640	14 Years
18 Years	
18 Years	2033
2051	$ 217,640
$ 341,168	

Security Camera System	

$ 10,000 / total	

1 total	

$ 10,000	6 Years

10 Years	

10 Years	2025
2035
2045
2055	$ 11,910
$ 15,289
$ 19,627
$ 25,194	
	
Landing Area Grounds	

Security Camera System	

$ 10,000 / total	

1 total	

$ 10,000	3 Years

10 Years	

10 Years	2022
2032
2042
2052	$ 11,051
$ 14,186
$ 18,210
$ 23,376	
Landing	$ 20,000 / total	1 total	$ 20,000	8 Years	15 Years	2027	$ 25,041	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
Landing Playground	
$ 20,000 / total	
1 total	
$ 20,000	
15 Years	
15 Years	2042
2057	$ 36,420
$ 52,970	

Landing Swingset	
$ 1,500 / total	
1 total	
$ 1,500	18 Years
25 Years	
25 Years	2037
2062	$ 2,411
$ 4,501	
Parking Lot Paving 1 Inch Asphalt Overlay	
$ 1.10 / sf	
31071 sf	
$ 34,178	11 Years

18 Years	
18 Years	2030

2048	$ 46,121

$ 72,299	
Scenic Trail Paving Asphalt Overlay	
$ 3.00 / sf	
23166 sf	
$ 69,498	11 Years

18 Years	
18 Years	2030

2048	$ 93,783

$ 147,013	
Landings Area Pavers	
$ 8.00 / sf	
9519 sf	
$ 76,152	18 Years
25 Years	
25 Years	2037
2062	$ 122,393
$ 228,512	
Dock Deck Boards and Railings	

$ 40.00 / sf	

400 sf	

$ 16,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 20,032
$ 29,136
$ 42,376	

Dock Repair Allowance	

$ 5.00 / sf	

400 sf	

$ 2,000	1 Year

8 Year	

8 Years	2020
2028
2036
2044
2052	$ 2,102
$ 2,567
$ 3,135
$ 3,828
$ 4,675	
Dock Structure and Frame	
$ 20.00 / sf	
400 sf	
$ 8,000	23 Years
30 Years	
30 Years	2042
2072	$ 14,568
$ 30,816	
Split Rail Wooden Fencing	
$ 15.00 / lf	
620 lf	
$ 9,300	13 Years
20 Years	
20 Years	2032
2052	$ 13,193
$ 21,739	
	
Landing Café	
Commercial Kitchen/Bar Equipment	

$ 40,000 / total	

1 total	

$ 40,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 50,081
$ 72,839
$ 105,939	
Solid Surface Counter Tops	
$ 15,000 / total	
1 total	
$ 15,000	14 Years
20 Years	
20 Years	2033
2053	$ 21,816
$ 35,950	

Café Open Room Furniture	

$ 18,000 / total	

1 total	

$ 18,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 22,537
$ 32,778
$ 47,673	
Restroom	$ 5,000 ea	2	$ 10,000	8 Years	15 Years	2027	$ 12,520	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
Restroom Refurbishment	
$ 5,000 ea	
2	
$ 10,000	
15 Years	
15 Years	2042
2057	$ 18,210
$ 26,485	
Meeting Room Screens/Projector s	

$ 6,000 / total	

1 total	

$ 6,000	5 Years

12 Years	

12 Years	2024
2036
2048	$ 6,970
$ 9,405
$ 12,692	

Meeting Room Carpeting	

$ 4.00 / sf	

260 sf	

$ 1,040	1 Year

8 Year	

8 Years	2020
2028
2036
2044
2052	$ 1,093
$ 1,335
$ 1,630
$ 1,991
$ 2,431	
Meeting Room Cabinets	
$ 10,000 / total	
1 total	
$ 10,000	13 Years
20 Years	
20 Years	2032
2052	$ 14,186
$ 23,376	

Meeting Room Furniture	

$ 7,000 / total	

1 total	

$ 7,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 8,764
$ 12,747
$ 18,539	
Small Café Flat Roofing	
$ 7.00 / sf	
1470 sf	
$ 10,290	11 Years
18 Years	
18 Years	2030
2048	$ 13,886
$ 21,767	
Main Cafe Metal Roofing	
$ 10.00 / sf	
7504 sf	
$ 75,040	23 Years
30 Years	
30 Years	2042
2072	$ 136,646
$ 289,055	
Office Cabinets and Furniture	
$ 23,000 / total	
1 total	
$ 23,000	13 Years
20 Years	
20 Years	2032
2052	$ 32,627
$ 53,764	

Computers and Equipment Allowance	

$ 8,000 / total	

1 total	

$ 8,000	3 Years

5 Years	

5 Years	2022
2027
2032
2037
2042
2047
2052	$ 8,840
$ 10,016
$ 11,348
$ 12,858
$ 14,568
$ 16,505
$ 18,701	

Outdoor Furniture	

$ 10,300 / total	

1 total	

$ 10,300	3 Years

10 Years	

10 Years	2022
2032
2042
2052	$ 11,382
$ 14,611
$ 18,756
$ 24,077	
HVAC Units 4.0	$ 6,800 ea	5	$ 34,000	5 Years	12 Years	2024	$ 39,496	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
HVAC Units 4.0 Tons	
$ 6,800 ea	
5	
$ 34,000	
12 Years	
12 Years	2036
2048	$ 53,298
$ 71,922	

Exterior Painting	

$ 1.20 / sf	

2176 sf	

$ 2,611	1 Year

8 Year	

8 Years	2020
2028
2036
2044
2052	$ 2,745
$ 3,352
$ 4,093
$ 4,998
$ 6,104	
	
Pool Area	

Pool Access System	

$ 5,000 / total	

1 total	

$ 5,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 6,260
$ 9,105
$ 13,242	

Pool Pumps and Equipment	

$ 7,400 ea	

1	

$ 7,400	1 Year

8 Year	

8 Years	2020
2028
2036
2044
2052	$ 7,779
$ 9,499
$ 11,600
$ 14,165
$ 17,298	

Pool Heaters	

$ 5,000 ea	

2	

$ 10,000	3 Years

10 Years	

10 Years	2022
2032
2042
2052	$ 11,051
$ 14,186
$ 18,210
$ 23,376	

Pool Furniture	

$ 10,200 / total	

1 total	

$ 10,200	1 Year

8 Year	

8 Years	2020
2028
2036
2044
2052	$ 10,722
$ 13,094
$ 15,989
$ 19,525
$ 23,843	

Pool Lift	

$ 7,000 ea	

1	

$ 7,000	5 Years

12 Years	

12 Years	2024
2036
2048	$ 8,132
$ 10,973
$ 14,807	
Pool Cabana Restrooms Refurbishment	

$ 5,000 ea	

2	

$ 10,000	8 Years

15 Years	

15 Years	2027
2042
2057	$ 12,520
$ 18,210
$ 26,485	
Pool Building Exterior Paint	
$ 1.20 / sf	
775 sf	
$ 930	1 Year
8 Year	
8 Years	2020
2028	$ 978
$ 1,194	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	

Pool Building Exterior Paint	

$ 1.20 / sf	

775 sf	

$ 930	

8 Year	

8 Years	2036
2044
2052	$ 1,458
$ 1,780
$ 2,174	

Pool Building Interior Paint	

$ 1.20 / sf	

1212 sf	

$ 1,454	3 Years

10 Years	

10 Years	2022
2032
2042
2052	$ 1,607
$ 2,063
$ 2,648
$ 3,400	
Pool Building Flat Roof	
$ 7.00 / sf	
214 sf	
$ 1,498	11 Years
18 Years	
18 Years	2030
2048	$ 2,021
$ 3,169	

Pool Resurface	

$ 12.00 / sf	

3280 sf	

$ 39,360	3 Years

10 Years	

10 Years	2022
2032
2042
2052	$ 43,495
$ 55,834
$ 71,674
$ 92,007	

Pool Area Pavers	
$ 8.00 / sf	
4200 sf	
$ 33,600	18 Years
25 Years	
25 Years	2037
2062	$ 54,003
$ 100,825	
Pool Fence 4' Aluminum	
$ 35.00 / lf	
407 lf	
$ 14,245	13 Years
20 Years	
20 Years	2032
2052	$ 20,207
$ 33,299	
	
Screen Pavilion	

Metal Roofing	
$ 10.00 / sf	
1024 sf	
$ 10,240	23 Years
30 Years	
30 Years	2042
2072	$ 18,647
$ 39,445	

Exterior Painting	

$ 1,000 / total	

1 total	

$ 1,000	1 Year

8 Year	

8 Years	2020
2028
2036
2044
2052	$ 1,051
$ 1,284
$ 1,568
$ 1,914
$ 2,338	

Exterior Screening	

$ 5.00 / sf	

956 sf	

$ 4,780	3 Years

10 Years	

10 Years	2022
2032
2042
2052	$ 5,282
$ 6,781
$ 8,704
$ 11,174	

Furniture/Game Tables	

$ 3,900 / total	

1 total	

$ 3,900	5 Years

12 Years	

12 Years	2024
2036
2048	$ 4,530
$ 6,114
$ 8,250	

Waterset North CDD Reserve Study Expense Item Listing - Continued

Reserve Items	

Unit Cost	

No Units	
Current Cost When New	
Estimated Remaining Life	Expected Life When New	
Fiscal Calendar Year	
Estimated Future Cost	
	
Maintenance Building	
				1 Year		2020	$ 878	
						2028	$ 1,072	
Exterior Painting	$ 1.20 / sf	696 sf	$ 835	
8 Year	8 Years	2036
2044	$ 1,309
$ 1,599	
						2052	$ 1,952	

Metal Roofing	
$ 10.00 / sf	
450 sf	
$ 4,500	23 Years
30 Years	
30 Years	2042
2072	$ 8,194
$ 17,334	
Months Remaining in Fiscal Calendar Year 2019: 12
Expected annual inflation: 2.50%	Interest earned on reserve funds: 1.00%	Initial Reserve: $ 115,935

Present Costs

Category	Item Name	No Units	Unit Cost	Present Cost	
Alleys and Street Parking	Paving 1 Inch Mill and Asphalt Overlay	53466 sf	$ 1.10 / sf	$ 58,812.60	

Fitness Center	Cardio Equipment	1 total	$ 56,000.00 / total	$ 56,000.00	
	Strength Equipment	1 total	$ 7,000.00 / total	$ 7,000.00	
	Restroom Refurbishment	2	$ 15,000.00 ea	$ 30,000.00	
	HVAC Units 4.0 Tons	2	$ 6,800.00 ea	$ 13,600.00	
	Rubber Exercise Flooring	1260 sf	$ 4.50 / sf	$ 5,670.00	
	Metal Roofing	2320 sf	$ 10.00 / sf	$ 23,200.00	
	Fitness Center Flat Roof	1155 sf	$ 7.00 / sf	$ 8,085.00	
	Exterior Painting	2520 sf	$ 1.20 / sf	$ 3,024.00	
	Interior Painting	3024 sf	$ 1.20 / sf	$ 3,628.80	
Fitness Center Sub Total =	$ 150,207.80	

Grounds	Park Benches Phase 1	31	$ 800.00 ea	$ 24,800.00	
	Park Benches Phase 2	31	$ 800.00 ea	$ 24,800.00	
	Common Area Sidewalk Repair Allowance	1 total	$ 55,000.00 / total	$ 55,000.00	
	Pond Bank Erosion Control	1 total	$ 129,600.00 / total	$ 129,600.00	
	Trash Cans	18	$ 500.00 ea	$ 9,000.00	
	Outdoor Fitness Equipment	10	$ 2,500.00 ea	$ 25,000.00	
	Lantern Park/Hermes Trellises	200 sf	$ 50.00 / sf	$ 10,000.00	
	Lantern Park/Hermes LED Fixtures	14	$ 500.00 ea	$ 7,000.00	
	Lantern Park/Hermes Pavers	2950 sf	$ 8.00 / sf	$ 23,600.00	
	Artesian Court Playstructure	1	$ 15,000.00 ea	$ 15,000.00	
	Meeting Park Lane Trellises	80 sf	$ 50.00 / sf	$ 4,000.00	
	Bowspirt/Bowspirit Trellises	48 sf	$ 50.00 / sf	$ 2,400.00	
	Bowspirt/Milestone Trellises	296 sf	$ 50.00 / sf	$ 14,800.00	
	Bowspirt/Milestone Fountain	1	$ 3,000.00 ea	$ 3,000.00	
	Stormwater Drainage Allowance	1 total	$ 158,700.00 / total	$ 158,700.00	
	Retaining Wall with Fence Waterset Blvd	325 lf	$ 130.00 / lf	$ 42,250.00	
	Aluminum Fence 5' Along Trail	1793 lf	$ 35.00 / lf	$ 62,755.00	
Grounds Sub Total =	$ 611,705.00	

Lakeside	Splash Pad Repair Allowance	1	$ 25,000.00 ea	$ 25,000.00	
	Splash Pad Pumps and Equipment	1 total	$ 18,500.00 / total	$ 18,500.00	

Category	Item Name	No Units	Unit Cost	Present Cost	
Lakeside	Dog Park Fence 4' Aluminum	696 lf	$ 35.00 / lf	$ 24,360.00	
	Dog Play Structures	4	$ 1,200.00 ea	$ 4,800.00	
	Dog Park Canopies	330 sf	$ 15.00 / sf	$ 4,950.00	
	Pool Area and Playground Aluminum Fencing	1059 lf	$ 40.00 / lf	$ 42,360.00	
	Lakeside Large Playground Structure	1 total	$ 45,000.00 / total	$ 45,000.00	
	Lakeside Small Playground Structure	1 total	$ 18,000.00 / total	$ 18,000.00	
	Auxiliary Play Structures	1 total	$ 10,000.00 / total	$ 10,000.00	
	Lakeside Swingset	1 total	$ 3,000.00 / total	$ 3,000.00	
	Playground Canopies	280 sf	$ 15.00 / sf	$ 4,200.00	
	Restroom Building Metal Roof	2394 sf	$ 10.00 / sf	$ 23,940.00	
	Restroom Building Interior Paint	2718 sf	$ 1.20 / sf	$ 3,261.60	
	Restroom Building Exterior Paint	1192 sf	$ 1.20 / sf	$ 1,430.40	
	Restroom Building Restroom Refurbishment	1	$ 20,000.00 ea	$ 20,000.00	
	Restroom Building HVAC	1	$ 2,000.00 ea	$ 2,000.00	
	Trellis Replacement	1320 sf	$ 40.00 / sf	$ 52,800.00	
	Splash Pad Canopies	332 sf	$ 15.00 / sf	$ 4,980.00	
	Hammocks	4	$ 600.00 ea	$ 2,400.00	
	BBQ Grills	3	$ 700.00 ea	$ 2,100.00	
	Splash Pad Outdoor Furniture	1 total	$ 23,800.00 / total	$ 23,800.00	
Lakeside Sub Total =	$ 336,882.00	

Lakeside Area Grounds	Dock Deck Boards and Railings	1206 sf	$ 40.00 / sf	$ 48,240.00	
	Dock Repair Allowance	1206 sf	$ 5.00 / sf	$ 6,030.00	
	Dock Structure and Frame	1206 sf	$ 20.00 / sf	$ 24,120.00	
	Parking Lot Paving 1 Inch Asphalt Overlay	18474 sf	$ 1.10 / sf	$ 20,321.40	
	Lake Trail Asphalt Overlay	49880 sf	$ 3.00 / sf	$ 149,640.00	
	Security Camera System	1 total	$ 10,000.00 / total	$ 10,000.00	
Lakeside Area Grounds Sub Total =	$ 258,351.40	

Landing Area Grounds	Security Camera System	1 total	$ 10,000.00 / total	$ 10,000.00	
	Landing Playground Structure	1 total	$ 20,000.00 / total	$ 20,000.00	
	Landing Swingset	1 total	$ 1,500.00 / total	$ 1,500.00	
	Parking Lot Paving 1 Inch Asphalt Overlay	31071 sf	$ 1.10 / sf	$ 34,178.10	

Category	Item Name	No Units	Unit Cost	Present Cost	
Landing Area Grounds	Scenic Trail Paving Asphalt Overlay	23166 sf	$ 3.00 / sf	$ 69,498.00	
	Landings Area Pavers	9519 sf	$ 8.00 / sf	$ 76,152.00	
	Dock Deck Boards and Railings	400 sf	$ 40.00 / sf	$ 16,000.00	
	Dock Repair Allowance	400 sf	$ 5.00 / sf	$ 2,000.00	
	Dock Structure and Frame	400 sf	$ 20.00 / sf	$ 8,000.00	
	Split Rail Wooden Fencing	620 lf	$ 15.00 / lf	$ 9,300.00	
Landing Area Grounds Sub Total =	$ 246,628.10	

Landing Café	Commercial Kitchen/Bar Equipment	1 total	$ 40,000.00 / total	$ 40,000.00	
	Solid Surface Counter Tops	1 total	$ 15,000.00 / total	$ 15,000.00	
	Café Open Room Furniture	1 total	$ 18,000.00 / total	$ 18,000.00	
	Restroom Refurbishment	2	$ 5,000.00 ea	$ 10,000.00	
	Meeting Room Screens/Projectors	1 total	$ 6,000.00 / total	$ 6,000.00	
	Meeting Room Carpeting	260 sf	$ 4.00 / sf	$ 1,040.00	
	Meeting Room Cabinets	1 total	$ 10,000.00 / total	$ 10,000.00	
	Meeting Room Furniture	1 total	$ 7,000.00 / total	$ 7,000.00	
	Small Café Flat Roofing	1470 sf	$ 7.00 / sf	$ 10,290.00	
	Main Cafe Metal Roofing	7504 sf	$ 10.00 / sf	$ 75,040.00	
	Office Cabinets and Furniture	1 total	$ 23,000.00 / total	$ 23,000.00	
	Computers and Equipment Allowance	1 total	$ 8,000.00 / total	$ 8,000.00	
	Outdoor Furniture	1 total	$ 10,300.00 / total	$ 10,300.00	
	HVAC Units 4.0 Tons	5	$ 6,800.00 ea	$ 34,000.00	
	Exterior Painting	2176 sf	$ 1.20 / sf	$ 2,611.20	
Landing Café Sub Total =	$ 270,281.20	

Pool Area	Pool Access System	1 total	$ 5,000.00 / total	$ 5,000.00	
	Pool Pumps and Equipment	1	$ 7,400.00 ea	$ 7,400.00	
	Pool Heaters	2	$ 5,000.00 ea	$ 10,000.00	
	Pool Furniture	1 total	$ 10,200.00 / total	$ 10,200.00	
	Pool Lift	1	$ 7,000.00 ea	$ 7,000.00	
	Pool Cabana Restrooms Refurbishment	2	$ 5,000.00 ea	$ 10,000.00	
	Pool Building Exterior Paint	775 sf	$ 1.20 / sf	$ 930.00	
	Pool Building Interior Paint	1212 sf	$ 1.20 / sf	$ 1,454.40	
	Pool Building Flat Roof	214 sf	$ 7.00 / sf	$ 1,498.00	
	Pool Resurface	3280 sf	$ 12.00 / sf	$ 39,360.00	

Category	Item Name	No Units	Unit Cost	Present Cost	
Pool Area	Pool Area Pavers	4200 sf	$ 8.00 / sf	$ 33,600.00	
	Pool Fence 4' Aluminum	407 lf	$ 35.00 / lf	$ 14,245.00	
Pool Area Sub Total =	$ 140,687.40	

Screen Pavilion	Metal Roofing	1024 sf	$ 10.00 / sf	$ 10,240.00	
	Exterior Painting	1 total	$ 1,000.00 / total	$ 1,000.00	
	Exterior Screening	956 sf	$ 5.00 / sf	$ 4,780.00	
	Furniture/Game Tables	1 total	$ 3,900.00 / total	$ 3,900.00	
Screen Pavilion Sub Total =	$ 19,920.00	

Maintenance Building	Exterior Painting	696 sf	$ 1.20 / sf	$ 835.20	
	Metal Roofing	450 sf	$ 10.00 / sf	$ 4,500.00	
Maintenance Building Sub Total =	$ 5,335.20	
	
Totals =	$ 2,098,810.70	

Waterset North CDD Funding Study Modified Cash Flow Analysis

Fiscal Calendar Year	Annual Assessment	Annual Interest	Annual Expenses	Net Reserve Funds	
% Funded	
2019	$ 208,000	$ 2,115		$ 326,050	39.3%	
2020	$ 213,200	$ 4,240	$ 30,528	$ 512,963	50.2%	
2021	$ 218,530	$ 6,134	$ 15,229	$ 722,398	60.6%	
2022	$ 223,993	$ 8,253	$ 158,601	$ 796,043	57.4%	
2023	$ 229,593	$ 9,016	$ 445,338	$ 589,314	40.7%	
2024	$ 235,333	$ 6,975	$ 81,513	$ 750,109	60.9%	
2025	$ 241,216	$ 8,610	$ 48,429	$ 951,505	68.4%	
2026	$ 247,247	$ 10,651		$ 1,209,403	75.9%	
2027	$ 253,428	$ 13,259	$ 299,147	$ 1,176,943	63.4%	
2028	$ 259,763	$ 12,963	$ 500,306	$ 949,363	52.0%	
2029	$ 266,258	$ 10,717	$ 23,428	$ 1,202,910	75.4%	
2030	$ 272,914	$ 13,283	$ 490,236	$ 998,872	53.9%	
2031	$ 279,737	$ 11,274	$ 68,847	$ 1,221,037	74.2%	
2032	$ 286,730	$ 13,528	$ 293,737	$ 1,227,558	65.6%	
2033	$ 293,899	$ 13,626	$ 914,958	$ 620,125	33.0%	
2034	$ 301,246	$ 7,586	$ 87,702	$ 841,255	66.7%	
2035	$ 308,777	$ 9,832	$ 174,880	$ 984,984	66.6%	
2036	$ 316,497	$ 11,304	$ 155,520	$ 1,157,265	71.3%	
2037	$ 324,409	$ 13,064	$ 191,664	$ 1,303,074	72.6%	
2038	$ 332,519	$ 14,559	$ 565,712	$ 1,084,440	55.8%	
2039	$ 340,832	$ 12,411	$ 111,324	$ 1,326,359	77.1%	
2040	$ 349,353	$ 14,869	$ 46,078	$ 1,644,503	83.8%	
2041	$ 358,087	$ 18,091		$ 2,020,681	88.3%	
2042	$ 367,039	$ 21,894	$ 872,802	$ 1,536,811	57.4%	
2043	$ 376,215	$ 17,097	$ 673,438	$ 1,256,685	57.4%	
2044	$ 385,620	$ 14,339	$ 170,541	$ 1,486,104	78.1%	
2045	$ 395,261	$ 16,678	$ 625,403	$ 1,272,639	59.7%	
2046	$ 405,142	$ 14,588		$ 1,692,370	88.6%	
2047	$ 415,271	$ 18,832	$ 119,170	$ 2,007,304	86.0%	
2048	$ 425,653	$ 22,029	$ 1,135,983	$ 1,319,003	49.7%	
2049	$ 436,294	$ 15,195		$ 1,770,492	99.7%	
Totals :	$ 9,568,056	$ 387,016	$ 8,300,515			
¹ Cash Reserves minus Fully Funded Value
The cash distribution shown in this table applies to repair and replacement cash reserves only.
Basis of Funding Study - Modified Cash Flow
Cash reserves have been set to a minimum of $ 0
Cash Flow has been modified with the forced Fixed Payments.
Months Remaining in Fiscal Calendar Year 2019: 12	Inflation = 2.50 %	Interest = 1.00 %  Study Life = 30 years	Initial Reserve Funds = $ 115,935.00	Final Reserve Value = $ 1,770,492.47

Waterset North CDD Modified Reserve Assessment Summary Projected Assessment by Fiscal Calendar Year
Fiscal Calendar Year	Owner Total Annual Assessment	
Annual Reserve Assessment	
2019	$ 137.57	$ 208,000	
2020	$ 141.01	$ 213,200	
2021	$ 144.53	$ 218,530	
2022	$ 148.14	$ 223,993	
2023	$ 151.85	$ 229,593	
2024	$ 155.64	$ 235,333	
2025	$ 159.53	$ 241,216	
2026	$ 163.52	$ 247,247	
2027	$ 167.61	$ 253,428	
2028	$ 171.80	$ 259,763	
2029	$ 176.10	$ 266,258	
2030	$ 180.50	$ 272,914	
2031	$ 185.01	$ 279,737	
2032	$ 189.64	$ 286,730	
2033	$ 194.38	$ 293,899	
2034	$ 199.24	$ 301,246	
2035	$ 204.22	$ 308,777	
2036	$ 209.32	$ 316,497	
2037	$ 214.56	$ 324,409	
2038	$ 219.92	$ 332,519	
2039	$ 225.42	$ 340,832	
2040	$ 231.05	$ 349,353	
2041	$ 236.83	$ 358,087	
2042	$ 242.75	$ 367,039	
2043	$ 248.82	$ 376,215	
2044	$ 255.04	$ 385,620	
2045	$ 261.42	$ 395,261	
2046	$ 267.95	$ 405,142	
2047	$ 274.65	$ 415,271	
2048	$ 281.52	$ 425,653	
2049	$ 288.55	$ 436,294	
Assessment Summary has been modified with forced Fixed Payments.
In the context of the Reserve Payment Summary, the ''Annual Reserve Payment'' corresponds with the ''Annual Revenue'' in the Cash Flow report.
Operations Payments Include an annual inflation factor of 2.50% Number of Payment Months in Fiscal Calendar Year 2019: 12 Number of Years of Constant Payments: 1

Waterset North CDD Funding Study Assessment Summary by Fiscal Calendar Year - Continued
No of Assessed Owners: 1512

Waterset North CDD Funding Study - Expenses by Item and by Fiscal Calendar Year

Item Description	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2027	FY 2028	FY 2029	FY 2030	FY 2031	FY 2032	FY 2033	FY 2034	FY 2035	FY 2036	FY 2037	FY 2038	FY 2039	FY 2040	
Reserve Category : Alleys and Street Parking	
Paving 1 Inch Mill and Asphalt Overlay														
$ 87,702							
	
Reserve Category : Fitness Center	
Cardio Equipment			$ 61,883									$ 79,439									
Strength Equipment												$ 9,930									
Restroom Refurbishment							$ 37,561														
HVAC Units 4.0 Tons					$ 15,798											$ 21,319					
Rubber Exercise Flooring					$ 6,587											$ 8,888					
Metal Roofing																					
Fitness Center Flat Roof										$ 10,910											
Exterior Painting	$ 3,179							$ 3,882								$ 4,740					
Interior Painting			$ 4,010									$ 5,148									
Category Subtotal :	$ 3,179		$ 65,893		$ 22,385		$ 37,561	$ 3,882		$ 10,910		$ 94,517				$ 34,947					
	
Reserve Category : Grounds	
Park Benches Phase 1							$ 31,050														
Park Benches Phase 2										$ 33,466											
Common Area Sidewalk Repair Allowance				
$ 62,315				
$ 70,603					
$ 79,993					
$ 90,633			
Pond Bank Erosion Control				$ 146,837				$ 166,366					$ 188,493					$ 213,563			
Trash Cans							$ 11,268														
Outdoor Fitness Equipment							$ 31,301														
Lantern Park/Hermes Trellises										$ 13,494											
Lantern Park/Hermes LED Fixtures															
$ 10,702						
Lantern Park/Hermes Pavers																				$ 40,881	
Artesian Court Playstructure								$ 19,255													
Meeting Park Lane Trellises										$ 5,398											
Bowspirt/Bowspirit Trellises								$ 3,081													
Bowspirt/Milestone Trellises									$ 19,479												
Bowspirt/Milestone Fountain									$ 3,948												
Stormwater Drainage Allowance				$ 179,807				$ 203,722					$ 230,817					$ 261,516			
Retaining Wall with Fence Waterset Blvd																					
Aluminum Fence 5' Along Trail													$ 91,272								

Item Description	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2027	FY 2028	FY 2029	FY 2030	FY 2031	FY 2032	FY 2033	FY 2034	FY 2035	FY 2036	FY 2037	FY 2038	FY 2039	FY 2040	
Category Subtotal :				$ 388,959			$ 73,619	$ 463,027	$ 23,427	$ 52,358			$ 590,575		$ 10,702			$ 565,712		$ 40,881	
	
Reserve Category : Lakeside	
Splash Pad Repair Allowance						$ 29,776									$ 38,223						
Splash Pad Pumps and Equipment				
$ 20,961							
$ 25,596								
$ 31,256		
Dog Park Fence 4' Aluminum															$ 37,244						
Dog Play Structures										$ 6,477											
Dog Park Canopies		$ 5,335					$ 6,198						$ 7,199						$ 8,363		
Pool Area and Playground Aluminum Fencing															
$ 64,765						
Lakeside Large Playground Structure										
$ 60,725											
Lakeside Small Playground Structure										
$ 24,290											
Auxiliary Play Structures										$ 13,494											
Lakeside Swingset																				$ 5,197	
Playground Canopies		$ 4,527					$ 5,259						$ 6,109						$ 7,096		
Restroom Building Metal Roof													$ 34,819								
Restroom Building Interior Paint						$ 3,885									$ 4,987						
Restroom Building Exterior Paint				$ 1,621							$ 1,979								$ 2,417		
Restroom Building Restroom Refurbishment										
$ 26,989											
Restroom Building HVAC							$ 2,504												$ 3,379		
Trellis Replacement										$ 71,250											
Splash Pad Canopies		$ 5,367					$ 6,235						$ 7,243						$ 8,414		
Hammocks						$ 2,858									$ 3,669						
BBQ Grills										$ 2,834											
Splash Pad Outdoor Furniture				$ 26,965							$ 32,929								$ 40,211		
Category Subtotal :		$ 15,229		$ 49,547		$ 36,519	$ 20,196			$ 206,059	$ 60,504		$ 55,370		$ 148,888				$ 101,136	$ 5,197	
	
Reserve Category : Lakeside Area Grounds	
Dock Deck Boards and Railings										$ 65,097											
Dock Repair Allowance				$ 6,832							$ 8,343								$ 10,188		
Dock Structure and Frame																					
Parking Lot Paving 1 Inch Asphalt Overlay													
$ 29,556								

Item Description	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2027	FY 2028	FY 2029	FY 2030	FY 2031	FY 2032	FY 2033	FY 2034	FY 2035	FY 2036	FY 2037	FY 2038	FY 2039	FY 2040	
Lake Trail Asphalt Overlay													$ 217,640								
Security Camera System						$ 11,910									$ 15,289						
Category Subtotal :				$ 6,832		$ 11,910				$ 65,097	$ 8,343		$ 247,196		$ 15,289				$ 10,188		
	
Reserve Category : Landing Area Grounds	
Security Camera System			$ 11,051									$ 14,186									
Landing Playground Structure							$ 25,041														
Landing Swingset																	$ 2,411				
Parking Lot Paving 1 Inch Asphalt Overlay										
$ 46,121											
Scenic Trail Paving Asphalt Overlay										
$ 93,783											
Landings Area Pavers																	$ 122,393				
Dock Deck Boards and Railings							$ 20,032														
Dock Repair Allowance	$ 2,102							$ 2,567								$ 3,135					
Dock Structure and Frame																					
Split Rail Wooden Fencing												$ 13,193									
Category Subtotal :	$ 2,102		$ 11,051				$ 45,073	$ 2,567		$ 139,904		$ 27,379				$ 3,135	$ 124,804				
	
Reserve Category : Landing Café	
Commercial Kitchen/Bar Equipment							
$ 50,081														
Solid Surface Counter Tops													$ 21,816								
Café Open Room Furniture							$ 22,537														
Restroom Refurbishment							$ 12,520														
Meeting Room Screens/Projectors					$ 6,970											$ 9,405					
Meeting Room Carpeting	$ 1,093							$ 1,335								$ 1,630					
Meeting Room Cabinets												$ 14,186									
Meeting Room Furniture							$ 8,764														
Small Café Flat Roofing										$ 13,886											
Main Cafe Metal Roofing																					
Office Cabinets and Furniture												$ 32,627									
Computers and Equipment Allowance			
$ 8,840				
$ 10,016					
$ 11,348					
$ 12,858				
Outdoor Furniture			$ 11,382									$ 14,611									
HVAC Units 4.0 Tons					$ 39,496											$ 53,298					
Exterior Painting	$ 2,745							$ 3,352								$ 4,093					

Item Description	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2027	FY 2028	FY 2029	FY 2030	FY 2031	FY 2032	FY 2033	FY 2034	FY 2035	FY 2036	FY 2037	FY 2038	FY 2039	FY 2040	
Category Subtotal :	$ 3,838		$ 20,222		$ 46,466		$ 103,918	$ 4,687		$ 13,886		$ 72,772	$ 21,816			$ 68,426	$ 12,858				
	
Reserve Category : Pool Area	
Pool Access System							$ 6,260														
Pool Pumps and Equipment	$ 7,779							$ 9,499								$ 11,600					
Pool Heaters			$ 11,051									$ 14,186									
Pool Furniture	$ 10,722							$ 13,094								$ 15,989					
Pool Lift					$ 8,132											$ 10,973					
Pool Cabana Restrooms Refurbishment							
$ 12,520														
Pool Building Exterior Paint	$ 978							$ 1,194								$ 1,458					
Pool Building Interior Paint			$ 1,607									$ 2,063									
Pool Building Flat Roof										$ 2,021											
Pool Resurface			$ 43,495									$ 55,834									
Pool Area Pavers																	$ 54,003				
Pool Fence 4' Aluminum												$ 20,207									
Category Subtotal :	$ 19,479		$ 56,153		$ 8,132		$ 18,780	$ 23,787		$ 2,021		$ 92,290				$ 40,020	$ 54,003				
	
Reserve Category : Screen Pavilion	
Metal Roofing																					
Exterior Painting	$ 1,051							$ 1,284								$ 1,568					
Exterior Screening			$ 5,282									$ 6,781									
Furniture/Game Tables					$ 4,530											$ 6,114					
Category Subtotal :	$ 1,051		$ 5,282		$ 4,530			$ 1,284				$ 6,781				$ 7,682					
	
Reserve Category : Maintenance Building	
Exterior Painting	$ 878							$ 1,072								$ 1,309					
Metal Roofing																					
Category Subtotal :	$ 878							$ 1,072								$ 1,309					
	
Expense Totals :	$ 30,528	$ 15,229	$ 158,601	$ 445,338	$ 81,513	$ 48,429	$ 299,147	$ 500,306	$ 23,428	$ 490,236	$ 68,847	$ 293,737	$ 914,958	$ 87,702	$ 174,880	$ 155,520	$ 191,664	$ 565,712	$ 111,324	$ 46,078	

Item Description	FY 2042	FY 2043	FY 2044	FY 2045	FY 2047	FY 2048	
Reserve Category : Alleys and Street Parking	
Paving 1 Inch Mill and Asphalt Overlay							
	
Reserve Category : Fitness Center	
Cardio Equipment	$ 101,975						
Strength Equipment							
Restroom Refurbishment	$ 54,629						
HVAC Units 4.0 Tons						$ 28,769	
Rubber Exercise Flooring						$ 11,994	
Metal Roofing	$ 42,247						
Fitness Center Flat Roof						$ 17,103	
Exterior Painting			$ 5,789				
Interior Painting	$ 6,608						
Category Subtotal :	$ 205,459		$ 5,789			$ 57,866	
	
Reserve Category : Grounds	
Park Benches Phase 1	$ 45,160						
Park Benches Phase 2				$ 48,674			
Common Area Sidewalk Repair Allowance		
$ 102,687				
$ 116,344	
Pond Bank Erosion Control		$ 241,967				$ 274,149	
Trash Cans	$ 16,389						
Outdoor Fitness Equipment	$ 45,525						
Lantern Park/Hermes Trellises				$ 19,627			
Lantern Park/Hermes LED Fixtures							
Lantern Park/Hermes Pavers							
Artesian Court Playstructure		$ 28,005					
Meeting Park Lane Trellises				$ 7,851			
Bowspirt/Bowspirit Trellises		$ 4,481					
Bowspirt/Milestone Trellises			$ 28,331				
Bowspirt/Milestone Fountain			$ 5,743				
Stormwater Drainage Allowance		$ 296,298				$ 335,706	
Retaining Wall with Fence Waterset Blvd			
$ 80,877				
Aluminum Fence 5' Along Trail							

Item Description	FY 2042	FY 2043	FY 2044	FY 2045	FY 2047	FY 2048	
Category Subtotal :	$ 107,074	$ 673,438	$ 114,951	$ 76,152		$ 726,199	
	
Reserve Category : Lakeside	
Splash Pad Repair Allowance				$ 49,066			
Splash Pad Pumps and Equipment					
$ 38,169		
Dog Park Fence 4' Aluminum							
Dog Play Structures				$ 9,421			
Dog Park Canopies				$ 9,715			
Pool Area and Playground Aluminum Fencing							
Lakeside Large Playground Structure				
$ 88,319			
Lakeside Small Playground Structure				
$ 35,328			
Auxiliary Play Structures				$ 19,627			
Lakeside Swingset							
Playground Canopies				$ 8,243			
Restroom Building Metal Roof							
Restroom Building Interior Paint				$ 6,401			
Restroom Building Exterior Paint					$ 2,951		
Restroom Building Restroom Refurbishment				
$ 39,253			
Restroom Building HVAC							
Trellis Replacement				$ 103,628			
Splash Pad Canopies				$ 9,774			
Hammocks				$ 4,710			
BBQ Grills				$ 4,122			
Splash Pad Outdoor Furniture					$ 49,104		
Category Subtotal :				$ 387,607	$ 90,224		
	
Reserve Category : Lakeside Area Grounds	
Dock Deck Boards and Railings				$ 94,678			
Dock Repair Allowance					$ 12,441		
Dock Structure and Frame				$ 47,339			
Parking Lot Paving 1 Inch Asphalt Overlay							

Item Description	FY 2042	FY 2043	FY 2044	FY 2045	FY 2047	FY 2048	
Lake Trail Asphalt Overlay							
Security Camera System				$ 19,627			
Category Subtotal :				$ 161,644	$ 12,441		
	
Reserve Category : Landing Area Grounds	
Security Camera System	$ 18,210						
Landing Playground Structure	$ 36,420						
Landing Swingset							
Parking Lot Paving 1 Inch Asphalt Overlay						
$ 72,299	
Scenic Trail Paving Asphalt Overlay						
$ 147,013	
Landings Area Pavers							
Dock Deck Boards and Railings	$ 29,136						
Dock Repair Allowance			$ 3,828				
Dock Structure and Frame	$ 14,568						
Split Rail Wooden Fencing							
Category Subtotal :	$ 98,334		$ 3,828			$ 219,312	
	
Reserve Category : Landing Café	
Commercial Kitchen/Bar Equipment	
$ 72,839						
Solid Surface Counter Tops							
Café Open Room Furniture	$ 32,778						
Restroom Refurbishment	$ 18,210						
Meeting Room Screens/Projectors						$ 12,692	
Meeting Room Carpeting			$ 1,991				
Meeting Room Cabinets							
Meeting Room Furniture	$ 12,747						
Small Café Flat Roofing						$ 21,767	
Main Cafe Metal Roofing	$ 136,646						
Office Cabinets and Furniture							
Computers and Equipment Allowance	
$ 14,568				
$ 16,505		
Outdoor Furniture	$ 18,756						
HVAC Units 4.0 Tons						$ 71,922	
Exterior Painting			$ 4,998				

Item Description	FY 2042	FY 2043	FY 2044	FY 2045	FY 2047	FY 2048	
Category Subtotal :	$ 306,544		$ 6,989		$ 16,505	$ 106,381	
	
Reserve Category : Pool Area	
Pool Access System	$ 9,105						
Pool Pumps and Equipment			$ 14,165				
Pool Heaters	$ 18,210						
Pool Furniture			$ 19,525				
Pool Lift						$ 14,807	
Pool Cabana Restrooms Refurbishment	
$ 18,210						
Pool Building Exterior Paint			$ 1,780				
Pool Building Interior Paint	$ 2,648						
Pool Building Flat Roof						$ 3,169	
Pool Resurface	$ 71,674						
Pool Area Pavers							
Pool Fence 4' Aluminum							
Category Subtotal :	$ 119,847		$ 35,470			$ 17,976	
	
Reserve Category : Screen Pavilion	
Metal Roofing	$ 18,647						
Exterior Painting			$ 1,914				
Exterior Screening	$ 8,704						
Furniture/Game Tables						$ 8,250	
Category Subtotal :	$ 27,351		$ 1,914			$ 8,250	
	
Reserve Category : Maintenance Building	
Exterior Painting			$ 1,599				
Metal Roofing	$ 8,194						
Category Subtotal :	$ 8,194		$ 1,599				
	
Expense Totals :	$ 872,802	$ 673,438	$ 170,541	$ 625,403	$ 119,170	$ 1,135,983	
Expense Table Fiscal Calendar Years 2019, 2026, 2041, 2046, 2049, do not contain any expenses and have been elimated to save space.

April 23, 2019

Florida Reserve Study and Appraisal, Inc.
12407 N. Florida Avenue Tampa, FL 33612
Phone: 813.932.1588
Fax: 813.388.4189
www.reservestudyfl.com

Expense Summary by Year

Year	Category	Item Name	Expense	

FY 2020	Fitness Center	Exterior Painting	$ 3,179	
	Landing Area Grounds	Dock Repair Allowance	$ 2,102	
	
Landing Café	Meeting Room Carpeting	$ 1,093	
		Exterior Painting	$ 2,745	
	Landing Café Subtotal = $ 3,838.00		

Pool Area	Pool Pumps and Equipment	$ 7,779	
		Pool Furniture	$ 10,722	
		Pool Building Exterior Paint	$ 978	
	Pool Area Subtotal = $ 19,479.00		
	Screen Pavilion	Exterior Painting	$ 1,051	
	Maintenance Building	Exterior Painting	$ 878	
FY 2020 Annual Expense Total = $ 30,527	

FY 2021	

Lakeside	Dog Park Canopies	$ 5,335	
		Playground Canopies	$ 4,527	
		Splash Pad Canopies	$ 5,367	
	Lakeside Subtotal = $ 15,229.00		
FY 2021 Annual Expense Total = $ 15,229	

FY 2022	
Fitness Center	Cardio Equipment	$ 61,883	
		Interior Painting	$ 4,010	
	Fitness Center Subtotal = $ 65,893.00		
	Landing Area Grounds	Security Camera System	$ 11,051	
	
Landing Café	Computers and Equipment Allowance	$ 8,840	
		Outdoor Furniture	$ 11,382	
	Landing Café Subtotal = $ 20,222.00		

Pool Area	Pool Heaters	$ 11,051	
		Pool Building Interior Paint	$ 1,607	
		Pool Resurface	$ 43,495	
	Pool Area Subtotal = $ 56,153.00		

Year	Category	Item Name	Expense	
FY 2022	Screen Pavilion	Exterior Screening	$ 5,282	
Annual Expense Total = $ 158,601	

FY 2023	

Grounds	Common Area Sidewalk Repair Allowance	$ 62,315	
		Pond Bank Erosion Control	$ 146,837	
		Stormwater Drainage Allowance	$ 179,807	
	Grounds Subtotal = $ 388,959.00		

Lakeside	Splash Pad Pumps and Equipment	$ 20,961	
		Restroom Building Exterior Paint	$ 1,621	
		Splash Pad Outdoor Furniture	$ 26,965	
	Lakeside Subtotal = $ 49,547.00		
	Lakeside Area Grounds	Dock Repair Allowance	$ 6,832	
Annual Expense Total = $ 445,338	

FY 2024	
Fitness Center	HVAC Units 4.0 Tons	$ 15,798	
		Rubber Exercise Flooring	$ 6,587	
	Fitness Center Subtotal = $ 22,385.00		
	
Landing Café	Meeting Room Screens/Projectors	$ 6,970	
		HVAC Units 4.0 Tons	$ 39,496	
	Landing Café Subtotal = $ 46,466.00		
	Pool Area	Pool Lift	$ 8,132	
	Screen Pavilion	Furniture/Game Tables	$ 4,530	
FY 2024 Annual Expense Total = $ 81,513	

FY 2025	

Lakeside	Splash Pad Repair Allowance	$ 29,776	
		Restroom Building Interior Paint	$ 3,885	
		Hammocks	$ 2,858	
	Lakeside Subtotal = $ 36,519.00		
	Lakeside Area Grounds	Security Camera System	$ 11,910	
Annual Expense Total = $ 48,429	

FY 2027	Fitness Center	Restroom Refurbishment	$ 37,561	

Grounds	Park Benches Phase 1	$ 31,050	
		Trash Cans	$ 11,268	
		Outdoor Fitness Equipment	$ 31,301	
	Grounds Subtotal = $ 73,619.00		

Lakeside	Dog Park Canopies	$ 6,198	
		Playground Canopies	$ 5,259	
		Restroom Building HVAC	$ 2,504	

Year	Category	Item Name	Expense	

FY 2027	Lakeside	Splash Pad Canopies	$ 6,235	
	Lakeside Subtotal = $ 20,196.00		
	
Landing Area Grounds	Landing Playground Structure	$ 25,041	
		Dock Deck Boards and Railings	$ 20,032	
	Landing Area Grounds Subtotal = $ 45,073.00		

Landing Café	Commercial Kitchen/Bar Equipment	$ 50,081	
		Café Open Room Furniture	$ 22,537	
		Restroom Refurbishment	$ 12,520	
		Meeting Room Furniture	$ 8,764	
		Computers and Equipment Allowance	$ 10,016	
	Landing Café Subtotal = $ 103,918.00		
	
Pool Area	Pool Access System	$ 6,260	
		Pool Cabana Restrooms Refurbishment	$ 12,520	
	Pool Area Subtotal = $ 18,780.00		
FY 2027 Annual Expense Total = $ 299,147	

FY 2028	Fitness Center	Exterior Painting	$ 3,882	

Grounds	Common Area Sidewalk Repair Allowance	$ 70,603	
		Pond Bank Erosion Control	$ 166,366	
		Artesian Court Playstructure	$ 19,255	
		Bowspirt/Bowspirit Trellises	$ 3,081	
		Stormwater Drainage Allowance	$ 203,722	
	Grounds Subtotal = $ 463,027.00		
	Landing Area Grounds	Dock Repair Allowance	$ 2,567	
	
Landing Café	Meeting Room Carpeting	$ 1,335	
		Exterior Painting	$ 3,352	
	Landing Café Subtotal = $ 4,687.00		

Pool Area	Pool Pumps and Equipment	$ 9,499	
		Pool Furniture	$ 13,094	
		Pool Building Exterior Paint	$ 1,194	
	Pool Area Subtotal = $ 23,787.00		
	Screen Pavilion	Exterior Painting	$ 1,284	
	Maintenance Building	Exterior Painting	$ 1,072	
FY 2028 Annual Expense Total = $ 500,306	

FY 2029	
Grounds	Bowspirt/Milestone Trellises	$ 19,479	
		Bowspirt/Milestone Fountain	$ 3,948	
	Grounds Subtotal = $ 23,427.00		

Year	Category	Item Name	Expense	
FY 2029 Annual Expense Total = $ 23,427	

FY 2030	Fitness Center	Fitness Center Flat Roof	$ 10,910	

Grounds	Park Benches Phase 2	$ 33,466	
		Lantern Park/Hermes Trellises	$ 13,494	
		Meeting Park Lane Trellises	$ 5,398	
	Grounds Subtotal = $ 52,358.00		

Lakeside	Dog Play Structures	$ 6,477	
		Lakeside Large Playground Structure	$ 60,725	
		Lakeside Small Playground Structure	$ 24,290	
		Auxiliary Play Structures	$ 13,494	
		Restroom Building Restroom Refurbishment	$ 26,989	
		Trellis Replacement	$ 71,250	
		BBQ Grills	$ 2,834	
	Lakeside Subtotal = $ 206,059.00		
	Lakeside Area Grounds	Dock Deck Boards and Railings	$ 65,097	
	
Landing Area Grounds	Parking Lot Paving 1 Inch Asphalt Overlay	$ 46,121	
		Scenic Trail Paving Asphalt Overlay	$ 93,783	
	Landing Area Grounds Subtotal = $ 139,904.00		
	Landing Café	Small Café Flat Roofing	$ 13,886	
	Pool Area	Pool Building Flat Roof	$ 2,021	
FY 2030 Annual Expense Total = $ 490,235	

FY 2031	

Lakeside	Splash Pad Pumps and Equipment	$ 25,596	
		Restroom Building Exterior Paint	$ 1,979	
		Splash Pad Outdoor Furniture	$ 32,929	
	Lakeside Subtotal = $ 60,504.00		
	Lakeside Area Grounds	Dock Repair Allowance	$ 8,343	
Annual Expense Total = $ 68,847	

FY 2032	

Fitness Center	Cardio Equipment	$ 79,439	
		Strength Equipment	$ 9,930	
		Interior Painting	$ 5,148	
	Fitness Center Subtotal = $ 94,517.00		
	
Landing Area Grounds	Security Camera System	$ 14,186	
		Split Rail Wooden Fencing	$ 13,193	
	Landing Area Grounds Subtotal = $ 27,379.00		
	Landing Café	Meeting Room Cabinets	$ 14,186	

Year	Category	Item Name	Expense	

FY 2032	

Landing Café	Office Cabinets and Furniture	$ 32,627	
		Computers and Equipment Allowance	$ 11,348	
		Outdoor Furniture	$ 14,611	
	Landing Café Subtotal = $ 72,772.00		

Pool Area	Pool Heaters	$ 14,186	
		Pool Building Interior Paint	$ 2,063	
		Pool Resurface	$ 55,834	
		Pool Fence 4' Aluminum	$ 20,207	
	Pool Area Subtotal = $ 92,290.00		
	Screen Pavilion	Exterior Screening	$ 6,781	
Annual Expense Total = $ 293,739	

FY 2033	

Grounds	Common Area Sidewalk Repair Allowance	$ 79,993	
		Pond Bank Erosion Control	$ 188,493	
		Stormwater Drainage Allowance	$ 230,817	
		Aluminum Fence 5' Along Trail	$ 91,272	
	Grounds Subtotal = $ 590,575.00		

Lakeside	Dog Park Canopies	$ 7,199	
		Playground Canopies	$ 6,109	
		Restroom Building Metal Roof	$ 34,819	
		Splash Pad Canopies	$ 7,243	
	Lakeside Subtotal = $ 55,370.00		
	
Lakeside Area Grounds	Parking Lot Paving 1 Inch Asphalt Overlay	$ 29,556	
		Lake Trail Asphalt Overlay	$ 217,640	
	Lakeside Area Grounds Subtotal = $ 247,196.00		
	Landing Café	Solid Surface Counter Tops	$ 21,816	
Annual Expense Total = $ 914,957	
	
FY 2034	Alleys and Street Parking	Paving 1 Inch Mill and Asphalt Overlay	$ 87,702	
Annual Expense Total = $ 87,702	

FY 2035	Grounds	Lantern Park/Hermes LED Fixtures	$ 10,702	

Lakeside	Splash Pad Repair Allowance	$ 38,223	
		Dog Park Fence 4' Aluminum	$ 37,244	
		Pool Area and Playground Aluminum Fencing	$ 64,765	
		Restroom Building Interior Paint	$ 4,987	
		Hammocks	$ 3,669	
	Lakeside Subtotal = $ 148,888.00		

Year	Category	Item Name	Expense	
FY 2035	Lakeside Area Grounds	Security Camera System	$ 15,289	
Annual Expense Total = $ 174,879	

FY 2036	

Fitness Center	HVAC Units 4.0 Tons	$ 21,319	
		Rubber Exercise Flooring	$ 8,888	
		Exterior Painting	$ 4,740	
	Fitness Center Subtotal = $ 34,947.00		
	Landing Area Grounds	Dock Repair Allowance	$ 3,135	

Landing Café	Meeting Room Screens/Projectors	$ 9,405	
		Meeting Room Carpeting	$ 1,630	
		HVAC Units 4.0 Tons	$ 53,298	
		Exterior Painting	$ 4,093	
	Landing Café Subtotal = $ 68,426.00		

Pool Area	Pool Pumps and Equipment	$ 11,600	
		Pool Furniture	$ 15,989	
		Pool Lift	$ 10,973	
		Pool Building Exterior Paint	$ 1,458	
	Pool Area Subtotal = $ 40,020.00		
	
Screen Pavilion	Exterior Painting	$ 1,568	
		Furniture/Game Tables	$ 6,114	
	Screen Pavilion Subtotal = $ 7,682.00		
	Maintenance Building	Exterior Painting	$ 1,309	
Annual Expense Total = $ 155,519	

FY 2037	
Landing Area Grounds	Landing Swingset	$ 2,411	
		Landings Area Pavers	$ 122,393	
	Landing Area Grounds Subtotal = $ 124,804.00		
	Landing Café	Computers and Equipment Allowance	$ 12,858	
	Pool Area	Pool Area Pavers	$ 54,003	
FY 2037 Annual Expense Total = $ 191,665	

FY 2038	

Grounds	Common Area Sidewalk Repair Allowance	$ 90,633	
		Pond Bank Erosion Control	$ 213,563	
		Stormwater Drainage Allowance	$ 261,516	
	Grounds Subtotal = $ 565,712.00		
FY 2038 Annual Expense Total = $ 565,712	

FY 2039	
Lakeside	Splash Pad Pumps and Equipment	$ 31,256	
		Dog Park Canopies	$ 8,363	

Year	Category	Item Name	Expense	

FY 2039	

Lakeside	Playground Canopies	$ 7,096	
		Restroom Building Exterior Paint	$ 2,417	
		Restroom Building HVAC	$ 3,379	
		Splash Pad Canopies	$ 8,414	
		Splash Pad Outdoor Furniture	$ 40,211	
	Lakeside Subtotal = $ 101,136.00		
	Lakeside Area Grounds	Dock Repair Allowance	$ 10,188	
Annual Expense Total = $ 111,324	

FY 2040	Grounds	Lantern Park/Hermes Pavers	$ 40,881	
	Lakeside	Lakeside Swingset	$ 5,197	
FY 2040 Annual Expense Total = $ 46,078	

FY 2042	

Fitness Center	Cardio Equipment	$ 101,975	
		Restroom Refurbishment	$ 54,629	
		Metal Roofing	$ 42,247	
		Interior Painting	$ 6,608	
	Fitness Center Subtotal = $ 205,459.00		

Grounds	Park Benches Phase 1	$ 45,160	
		Trash Cans	$ 16,389	
		Outdoor Fitness Equipment	$ 45,525	
	Grounds Subtotal = $ 107,074.00		

Landing Area Grounds	Security Camera System	$ 18,210	
		Landing Playground Structure	$ 36,420	
		Dock Deck Boards and Railings	$ 29,136	
		Dock Structure and Frame	$ 14,568	
	Landing Area Grounds Subtotal = $ 98,334.00		

Landing Café	Commercial Kitchen/Bar Equipment	$ 72,839	
		Café Open Room Furniture	$ 32,778	
		Restroom Refurbishment	$ 18,210	
		Meeting Room Furniture	$ 12,747	
		Main Cafe Metal Roofing	$ 136,646	
		Computers and Equipment Allowance	$ 14,568	
		Outdoor Furniture	$ 18,756	
	Landing Café Subtotal = $ 306,544.00		

Pool Area	Pool Access System	$ 9,105	
		Pool Heaters	$ 18,210	
		Pool Cabana Restrooms Refurbishment	$ 18,210	

Year	Category	Item Name	Expense	

FY 2042	
Pool Area	Pool Building Interior Paint	$ 2,648	
		Pool Resurface	$ 71,674	
	Pool Area Subtotal = $ 119,847.00		
	
Screen Pavilion	Metal Roofing	$ 18,647	
		Exterior Screening	$ 8,704	
	Screen Pavilion Subtotal = $ 27,351.00		
	Maintenance Building	Metal Roofing	$ 8,194	
Annual Expense Total = $ 872,803	

FY 2043	

Grounds	Common Area Sidewalk Repair Allowance	$ 102,687	
		Pond Bank Erosion Control	$ 241,967	
		Artesian Court Playstructure	$ 28,005	
		Bowspirt/Bowspirit Trellises	$ 4,481	
		Stormwater Drainage Allowance	$ 296,298	
	Grounds Subtotal = $ 673,438.00		
FY 2043 Annual Expense Total = $ 673,438	

FY 2044	Fitness Center	Exterior Painting	$ 5,789	

Grounds	Bowspirt/Milestone Trellises	$ 28,331	
		Bowspirt/Milestone Fountain	$ 5,743	
		Retaining Wall with Fence Waterset Blvd	$ 80,877	
	Grounds Subtotal = $ 114,951.00		
	Landing Area Grounds	Dock Repair Allowance	$ 3,828	
	
Landing Café	Meeting Room Carpeting	$ 1,991	
		Exterior Painting	$ 4,998	
	Landing Café Subtotal = $ 6,989.00		

Pool Area	Pool Pumps and Equipment	$ 14,165	
		Pool Furniture	$ 19,525	
		Pool Building Exterior Paint	$ 1,780	
	Pool Area Subtotal = $ 35,470.00		
	Screen Pavilion	Exterior Painting	$ 1,914	
	Maintenance Building	Exterior Painting	$ 1,599	
FY 2044 Annual Expense Total = $ 170,540	

FY 2045	

Grounds	Park Benches Phase 2	$ 48,674	
		Lantern Park/Hermes Trellises	$ 19,627	
		Meeting Park Lane Trellises	$ 7,851	
	Grounds Subtotal = $ 76,152.00		

Year	Category	Item Name	Expense	

FY 2045	

Lakeside	Splash Pad Repair Allowance	$ 49,066	
		Dog Play Structures	$ 9,421	
		Dog Park Canopies	$ 9,715	
		Lakeside Large Playground Structure	$ 88,319	
		Lakeside Small Playground Structure	$ 35,328	
		Auxiliary Play Structures	$ 19,627	
		Playground Canopies	$ 8,243	
		Restroom Building Interior Paint	$ 6,401	
		Restroom Building Restroom Refurbishment	$ 39,253	
		Trellis Replacement	$ 103,628	
		Splash Pad Canopies	$ 9,774	
		Hammocks	$ 4,710	
		BBQ Grills	$ 4,122	
	Lakeside Subtotal = $ 387,607.00		

Lakeside Area Grounds	Dock Deck Boards and Railings	$ 94,678	
		Dock Structure and Frame	$ 47,339	
		Security Camera System	$ 19,627	
	Lakeside Area Grounds Subtotal = $ 161,644.00		
FY 2045 Annual Expense Total = $ 625,403	

FY 2047	

Lakeside	Splash Pad Pumps and Equipment	$ 38,169	
		Restroom Building Exterior Paint	$ 2,951	
		Splash Pad Outdoor Furniture	$ 49,104	
	Lakeside Subtotal = $ 90,224.00		
	Lakeside Area Grounds	Dock Repair Allowance	$ 12,441	
	Landing Café	Computers and Equipment Allowance	$ 16,505	
FY 2047 Annual Expense Total = $ 119,170	

FY 2048	

Fitness Center	HVAC Units 4.0 Tons	$ 28,769	
		Rubber Exercise Flooring	$ 11,994	
		Fitness Center Flat Roof	$ 17,103	
	Fitness Center Subtotal = $ 57,866.00		

Grounds	Common Area Sidewalk Repair Allowance	$ 116,344	
		Pond Bank Erosion Control	$ 274,149	
		Stormwater Drainage Allowance	$ 335,706	
	Grounds Subtotal = $ 726,199.00		
	
Landing Area Grounds	Parking Lot Paving 1 Inch Asphalt Overlay	$ 72,299	
		Scenic Trail Paving Asphalt Overlay	$ 147,013	

Year	Category	Item Name	Expense	
	Landing Area Grounds Subtotal = $ 219,312.00		

Landing Café	Meeting Room Screens/Projectors	$ 12,692	
		Small Café Flat Roofing	$ 21,767	
		HVAC Units 4.0 Tons	$ 71,922	
	Landing Café Subtotal = $ 106,381.00		
	
Pool Area	Pool Lift	$ 14,807	
		Pool Building Flat Roof	$ 3,169	
	Pool Area Subtotal = $ 17,976.00		
	Screen Pavilion	Furniture/Game Tables	$ 8,250	
Annual Expense Total = $ 1,135,984