Dowden West Community Development District

Agenda July 21, 2022

AGENDA
Dowden West
Community Development District

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

July 14, 2022

Board of Supervisors Dowden West Community Development District

Dear Board Members:

The Board of Supervisors of Dowden West Community Development District will meet Thursday, July 21, 2022 at 12:30 PM at the Orange County Library – Southeast Branch, 5575 N. Semoran Blvd., Orlando, Florida. PLEASE NOTE THE TIME AND LOCATION OF THE MEETING. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Appointment of Individual in Seat #2 to Fulfill the Board Vacancy with a Term Ending November 2023
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2022-09 Electing an Assistant Secretary
Approval of Minutes of June 16, 2022 Meeting
Review and Acceptance of Fiscal Year 2021 Audit Report
Public Hearing
Consideration of Resolution 2022-07 Adopting the Fiscal Year 2023 Budget at Relating to the Annual Appropriations
Consideration of Resolution 2022-08 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2022-09 Approving the Conveyance of Real Property and Improvements
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Approval of Fiscal Year 2023 Meeting Schedule
Supervisor’s Requests
Other Business
Next Meeting Date
Adjournment
The second order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.

The third order of business is Organizational Matters. Section A is the appointment of individual in Seat #2 to fulfill the Board vacancy with a term ending November 2023. Section B is the administration of Oath of Office to the newly appointed Supervisor(s). Section D is consideration of Resolution 2022-09 electing officers. A copy of the Resolution is enclosed for your review.

The fourth order of business is the approval of the minutes of the June 16, 2022 meeting. The minutes are enclosed for your review.

The fifth order of business is the review and acceptance of the Fiscal Year 2021 audit report. A copy of the report is enclosed for your review.

The sixth order of business opens the public hearing for the budget and assessments. Section A is the consideration of Resolution 2022-07 adopting the Fiscal Year 2023 budget and relating to the annual appropriations. A copy of the Resolution and approved budget are enclosed for your review. Section B is the consideration of Resolution 2022-08 imposing special assessments and certifying an assessment roll. A copy of the Resolution is enclosed for your review and the tax roll will be available at the meeting for reference.

The seventh order of business is the consideration of Resolution 2022-09 approving the conveyance of real property and improvements. A copy of the Resolution and supporting exhibits is enclosed for your review.

The eighth order of business is Staff Reports. Section C is the District Manager’s Report. Sub- Section 1 includes the check register for approval and Sub-Section 2 includes balance sheet and income statement for review. Sub-Section 3 is the approval of the Fiscal Year 2023 meeting schedule. A sample meeting notice is enclosed for your review.

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

Sincerely,

George S. Flint

George S. Flint District Manager

CC:	Jan Carpenter, District Counsel Peter Armans, District Engineer Darrin Mossing, GMS

Enclosures

SE.CTION Ill

SECTION C
RESOLUTION 2022-09

A RESOLUTION OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT ELECTING
	 AS ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Dowden West Community District desires to elect 	 as an Assistant Secretary.

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

1.		 is elected Assistant Secretary of the Board of Supervisors.

Adopted this 21st day of July, 2022.

Secretary/ Assistant Secretary	Chairman/Vice Chairman

;,,,

MINUTES

MINUTES OF MEETING DOWDEN WEST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Dowden West Community Development District was held Thursday, June 16, 2022 at 9:00 a.m. in the offices of GMS-CF, LLC, 219 E. Livingston Street, Orlando, Florida.

Present and constituting a quorum were:

Chuck Bell Gabe Madlang Tom Franklin Gregory Clark
Chairman
Vice Chairperson Assistant Secretary Assistant Secretary

Also present were:

George Flint Kristen Trucco Jay Lazarovich Alan Scheerer Emily Grimes
District Manger District Counsel LLEB
Field Manager GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order and called the roll. There were four Supervisors present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Acceptance of Resignation of Connie Luong and Appointment of Individual to Fill the Board Vacancy in Seat #4 with a Term Ending November 2023

Appointment of Individual to Fill the Board Vacancy with a Term Ending November 2023

1

Administration of Oath of Office to Newly Appointed Board Member
Mr. Flint being a Notary Public of the State of Florida administered the Oath of Office to Mr. Madlang.
Mr. Flint: The Form 1 Statement of financial interest is required to be filed within 30 days of today with the supervisor of elections of the county in which you reside. Annually they will send you an update and you have to file an updated form every year by July 1st. We also gave you the form lf, which is the form you have to file when you leave the Board. We will send it to you when you resign or at the end of your term. As a Board Member you are also entitled to compensation and you can choose to accept or waive that but if you accept, the payroll forms are in the packet, which would come to our office. You are a public official and subject to the sunshine law and public records law. You want to be careful about communicating with the other Board Members about COD business outside of publicly noticed meetings. You can talk about the weather or sports but anything that may come before the Board or COD related has to be discussed within a noticed meeting as far as the other Board Members go. You can talk with us or counsel. Any records you have are public records and could be subject to a public records request and we suggest you keep them separate from your personal or business records.
Ms. Trucco: We have a welcome packet of information that we will email to you. Mr. Flint: Are there any nominations to fill the vacancy in seat no. 2?
Mr. Bell: Not at this time.

Consideration of Resolution 2022-05 Electing an Assistant Secretary

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the April 21, 2022
Meeting

FIFTH ORDER OF BUSINESS	Review  and  Ranking  of  Proposals  for
Landscape & Irrigation Maintenance Services and Selection of a Contractor
Mr. Flint: Item five is review and ranking of proposals received for landscape and irrigation maintenance services. At your last meeting you authorized us to prepare and issue a request for proposals for landscape maintenance. It was advertised in the Orlando Sentinel and sent to half a dozen companies directly as well. As a result we received six responses and we had the bid opening in our office. We received bids from Brightview, United Land Services, Omegascapes, Yellowstone, Servello Landscapes and Down to Earth. We provided the Board Members the bid tabulation and you also have the complete bids. We included a cost sheet that they were required to fill out and maps, but we still had some variation in the costs and in some areas some costs were not included that we thought possibly should be included. We recommend that we take brief presentations today, which will give the Board and staff an opportunity to ask questions. We can't modify the numbers the numbers are what they are. As a result of the questions, we can just get clarification. For example, if a contractor missed a number on tree pruning, we can't change their numbers we have to go by what they have included.
Representatives of Brightview, Down to Earth, Omegascapes, Servello Landscapes, United
Land Services and Yellowstone gave brief presentations on their companies and their proposals and took questions from the Board and staff.
The Board and staff reviewed the evaluation criteria, discussed each proposal, and came to a consensus ranking as follows: Yellowstone no. 1 with 371.5 points, United Land Services no. 2 with 362.5 points, Omegascapes no. 3 with 354.5 points, Brightview no. 4 with 339 points, Down to Earth no. 5 with321 points and Servello no. 6 with 301.5 points.

SIXTH ORDER OF BUSINESS	Consideration	of	Assignment	of	Service
Agreement for Lighting Service with Orlando Utilities Commission - Meridian Park Phase NlB
Ms. Trucco: The address in the first paragraph looks like the old address and the notary block needs to be updated.

SEVENTH ORDER OF BUSINES	Ratification of Series 2018 Requisition #10

EIGHTH ORDER OF BUSINESS	Consideration	of	Resolution	2022-06
Amending the Proposed Fiscal Year 2023 Budget
Mr. Flint: As a result of the bid process you adopted a budget with $309,502 for landscape maintenance, based on the bids that were submitted we need to amend the amount for landscaping to $283,944.

NINTH ORDER OF BUSINESS
Attorney
Staff Reports
Ms. Trucco: We received the District Engineer's signoff on the last set of conveyance documents this Board approved for the NIA, N14 and IB North and IB South plats. We recorded that date on June 6th and sent out a conveyance package with all the executed, recorded documents to the District management company and to Mattamy.

Engineer
There being none, the next item followed.

Manager

Approval of Check Register
Mr. Flint presented the check register from April 1, 2022 through June 8, 2022 in the amount of
$107,736.78.

Balance Sheet and Income Statement
Mr. Flint: A copy of the balance sheet and income statement were included in the agenda package. No Board action was required.

m.	Presentation of Number of Registered Voters -219
Mr. Flint: A copy of the report from the Supervisor of Elections is in your agenda package indicating there are 219 registered votes residing within the District.

TENTH ORDER OF BUSINESS	Supervisor's Requests
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

TWELFTH ORDER OF BUSINESS	Next Meeting Date
Mr. Flint: The next meeting is July 21, 2022.

SecretaryIAssistant Secretary	ChairmanNice Chairman

SECTION V

Dowden West Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2021
Dowden West Community Development District ANNUAL FINANCIAL REPORT
September 30, 2021 TABLE OF CONTENTS
Page Number

REPORT OF INDEPENDENT AUDITORS	1-2
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-8
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements:
Statement of Net Position	9
Statement of Activities	10
Fund Financial Statements:
Balance Sheet – Governmental Funds	11
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	12
Statement of Revenues, Expenditures and Changes in Fund
Balances – Governmental Funds	13
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	14
Statement of Revenues, Expenditures and Changes in Fund
Balances – Budget and Actual – General Fund	15
Notes to Financial Statements	16-27
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	28-29
MANAGEMENT LETTER	30-32
INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH
SECTION 218.415, FLORIDA STATUTES	33

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Dowden West Community Development District City of Orlando, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of Dowden West Community Development District as of and for the year ended September 30, 2021, and the related notes to financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Accounting Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

- 1 -

To the Board of Supervisors
Dowden West Community Development District

Opinion

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of Dowden West Community Development District, as of September 30, 2021, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in conformity with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the Management Discussion and Analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated June 28, 2022 on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Dowden West Community Development District’s internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 28, 2022

- 2 -

Management’s discussion and analysis of Dowden West Community Development District (the “District”) financial performance provides an objective and easily readable analysis of the District’s financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District’s financial statements.

OVERVIEW OF THE FINANCIAL STATEMENTS

The District’s basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District’s financial position and results of operations. The Fund financial statements present financial information for the District’s major funds. The Notes to financial statements provide additional information concerning the District’s finances.

The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by developer contributions.

The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net Position is reported in three categories; 1) net investment in capital assets, 2) restricted, and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District’s operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government, physical environment and debt service.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances – budget and actual is provided for the District’s General Fund. Fund financial statements provide more detailed information about the District’s activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District’s financial standing. These statements are comparable to private-sector companies and give a good understanding of the District’s overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including capital assets, are reported in the statement of net position. All liabilities, such as principal outstanding on bonds are included. In the statement of activities, transactions between the different functions of the District have been eliminated in order to avoid “doubling up” the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, reconciliation is provided from the fund financial statements to the government-wide financial statements.

Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District and investments of the District are some of the items included in the notes to financial statements.

Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2021.

The District’s total liabilities exceeded total assets by $(1,302,777) (net position). Restricted net position was $35,629 and net investment in capital assets was
$(307,937). Unrestricted net position was $(1,030,469).

Governmental activities revenues and totaled $2,295,846 while governmental activities expenses and conveyances totaled $2,977,042.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.

Net Position

Governmental Activities 2021	2020

Current assets	$	76,909	$	64,381	
Restricted assets	435,498	1,082,262	
Capital assets		4,320,909 		4,472,428 	
Total Assets		4,833,316 		5,619,071 	

Current liabilities	
251,093	
255,652	
Non-current liabilities		5,885,000 		5,985,000 	
Total Liabilities		6,136,093 		6,240,652 	

Net Position
Net investment in capital assets	

(307,937)	

(153,968)	
Restricted net position	35,629	28,946	
Unrestricted		(1,030,469) 		(496,559)	

Total Net Position	$ (1,302,777)	$ (621,581)

The decrease in restricted assets is related to the capital additions that were conveyed in the current year.

The decrease in non-current liabilities is related to the bond principal payments in the current year.

The decrease in net investments in capital assets is related to current year depreciation.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.

Change In Net Position

Governmental Activities
	2021		2020	
Program Revenues				
Charges for services	$	601,782		$	602,010	
Capital contributions	1,694,013		-	
General revenues		51 			2,549 	
Total Revenues		2,295,846 			604,559 	
Expenses				
General government	78,323	88,801		
Physical environment	237,351	202,156		
Interest and other charges		321,086 		331,616 		
Total Expenses		636,760 		622,573 		
Conveyance of capital assets		(2,340,282)		- 		
Change in Net Position	(681,196)	(18,014)		
Net Position - Beginning of Year		(621,581)		(603,567)		
Net Position - End of Year	 $ (1,302,777)	 $ (621,581)		
The decrease in general government is primarily related to a decrease in legal fees and legal advertising in the current year.

The increase in physical environment is related to the increase in field management and streetlighting expenses in the current year.

The capital contribution and conveyance relates to a utility system that was contributed to the District and immediately conveyed to another governmental entity.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District’s capital assets as of September 30, 2021 and 2020.

Governmental Activities
Description		2021		2020	
Construction in progress		$	-		$	7,315	
Infrastructure		4,628,846		4,619,081	
Accumulated depreciation			(307,937)			(153,968)	

Total Capital Assets (Net)
 $	4,320,909 
 $	4,472,428 

The activity for the year consisted of depreciation of $153,969, transfers of $7,315 from construction in progress, additions to infrastructure of $2,350,057, and a conveyance of infrastructure of $2,340,282.

General Fund Budgetary Highlights

Budgeted expenditures exceeded actual expenditures primarily due to less legal fee, water and sewer and mitigation monitoring expenditures than were anticipated.

There were no amendments to the September 30, 2021 budget.

Debt Management

Governmental Activities debt includes the following:

In December 2018, the District issued $6,170,000 Special Assessment Revenue Bonds Series 2018. These bonds were issued to finance a portion of the cost of acquisition, construction, installation, and equipping of the 2018 Project. The balance outstanding on the Series 2018 Bonds at September 30, 2021 was $5,985,000.

Economic Factors and Next Year’s Budget

Dowden West Community Development District does not expect any economic factors to have any significant effect on the financial position or results of operations of the District in fiscal year 2022.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Request for Information

The financial report is designed to provide a general overview of Dowden West Community Development District’s finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Dowden West Community Development District, Governmental Management Services – Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801.
STATEMENT OF NET POSITION
September 30, 2021

Governmental Activities

$	65,329

LIABILITIES	
Current Liabilities	
Accounts payable	
Bonds payable	
Accrued interest	
Total Current Liabilities	
Non-Current Liabilities	
Bonds payable	
Total Liabilities	

NET POSITION	
Net investment in capital assets	
Restricted for debt service	
Unrestricted	
Total Net Position	

See accompanying notes to financial statements.
	11,580 
	76,909 

435,498

4,628,846	
      (307,937)	
      4,756,407 	
      4,833,316 	

16,952	
100,000	
       134,141 	
       251,093 	

	5,885,000 
	6,136,093 

(307,937)	
35,629	
	(1,030,469)	
 $	(1,302,777)	
STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2021

Program Charges for

	51 

Conveyance of capital assets		(2,340,282)

Change in Net Position	(681,196)

Net Position - October 1, 2020		(621,581)

Net Position - September 30, 2021	 $	(1,302,777)
Dowden West Community Development District BALANCE SHEET –
GOVERNMENTAL FUNDS
September 30, 2021

Total
Debt	Capital	Governmental
	General	 	Service	 	Projects	 	Funds	

	- 
 $	76,909 

$	16,652	$
-	$	300	$
16,952
	2  	-  	-  	2 
	16,654  	-  	300  	16,954 

11,580	-	-	11,580

Total Liabilities and Fund Balances
 $	76,909 
 $	379,715 
 $	55,785 
 $	512,409 

Dowden West Community Development District RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2021

Total Governmental Fund Balances

Amounts reported for governmental activities in the Statement of Net Position	
are different because:	

Long-term liabilities, bonds payable, are not due and payable in the current	
period, and therefore, are not reported at the fund level.	

$	495,455

4,320,909

(5,985,000)

	(134,141)

Net Position of Governmental Activities	 $ (1,302,777)

See accompanying notes to financial statements.
Dowden West Community Development District STATEMENT OF REVENUES, EXPENDITURES AND CHANGES
IN FUND BALANCES – GOVERNMENTAL FUNDS
For the Year Ended September 30, 2021

Total
Debt	Capital	Governmental
  General	 	Service	 	Projects	 	Funds	

$ 179,032
$	422,750	$
-	$	601,782
	-  	19  	32  	51 
	179,032  	422,769  	32  	601,833 

-	95,000	-	95,000
	-  	326,070  	-  	326,070 
	161,705  	421,070  	648,719  	1,231,494 

Net Change in Fund Balances	17,327	1,699

Fund Balances - October 1, 2020		42,928  	378,016  	704,172  	1,125,116 

Fund Balances - September 30, 2021
 $	60,255 
 $	379,715 
 $	55,485 
 $	495,455 

See accompanying notes to financial statements.
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2021

Net Change in Fund Balances - Total Governmental Funds	$

Amounts reported for governmental activities in the Statement of Activities are	
different because:	

Governmental funds report capital outlay as expenditures. However, in the	
Statement of Activities, the cost of those assets is allocated over their estimated	
useful lives as depreciation expense. This is the amount of that capital outlay	
$648,719, and contributions, $1,694,013, were exceeded by depreciation,	
$(153,969), and conveyances, $(2,340,282) in the current period.	

Repayment of bond principal is an expenditure in the governmental funds,	
but the repayment reduces long-term liabilities in the Statement of Net Position.	
(629,661)

(151,519)

95,000

In the Statement of Activities, interest is accrued on outstanding bonds;		
whereas in the governmental funds, interest expenditures are reported when		
due. This is the change in accrued interest in the current period.		4,984 	

Change in Net Position of Governmental Activities	 $	(681,196)
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – GENERAL FUND
For the Year Ended September 30, 2021

Actual

$ 177,294
$ 177,294
$ 179,032	$
1,738
	89,968 		89,968 		- 		(89,968)
	267,262 		267,262 		179,032 		(88,230)

108,442	108,442	78,323	30,119
	158,820 		158,820 		83,382 		75,438 
	267,262 		267,262 		161,705 		105,557 

Net Change in Fund Balances		-		-		17,327		17,327 Fund Balances - October 1, 2020		- 		- 		42,928 		42,928 
Fund Balances - September 30, 2021
 $	- 
 $	- 
 $  60,255 
 $	60,255 

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of the District have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.

Reporting Entity

The District was established on April 10, 2017, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, and City of Orlando Ordinance 2017-20, as a Community Development District. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing district roads, landscaping, and other basic infrastructure projects within or outside the boundaries of the Dowden West Community Development District. The District is governed by a Board of Supervisors who are elected to four year and two-year terms. The District operates within the criteria established by Chapter 190, Florida Statutes.

As required by GAAP, these financial statements present the Dowden West Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District’s Board exercises oversight responsibility including, but not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters.

Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards the District has identified no component units.

Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:

Government-wide financial statements

Fund financial statements

Notes to financial statements

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

Government-wide Financial Statements

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Government- wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include all the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.

Governmental activities are supported by special assessments. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source.

Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.

Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self- balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government’s governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2. Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds
The District reports fund balance according to Governmental Accounting Standards Board Statement 54 – Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance – This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Restricted Fund Balance – This classification includes amounts that can be spent only for specific purposes stipulated by constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance – This classification consists of the Board of Supervisors’ intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District’s management company.

Unassigned Fund Balance – This classification is the residual classification for the government’s general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.

Fund Balance Spending Hierarchy – For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds (Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting.

Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of “available spendable resources”.

Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources are expended, rather than as fund assets. The proceeds of long- term debt are recorded as an other financing source rather than as a fund liability.

Debt service expenditures are recorded only when payment is due.

Basis of Presentation

Governmental Major Funds

General Fund – The General Fund is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basis of Presentation (Continued)

Governmental Major Funds (Continued)

Debt Service Fund – The Debt Service Fund accounts for debt service requirements to retire the Special Assessment Revenue Bonds Series 2018 issued to finance a portion of the cost of acquisition, construction, installation, and equipping of the 2018 project.

Capital Projects Fund – The Capital Projects Fund accounts for acquisition and construction of infrastructure improvements located within the boundaries of the District.

Non-current Governmental Assets/Liabilities

GASB Statement 34 requires that non-current governmental assets, such as construction in progress, and non-current governmental liabilities, such as general obligation bonds be reported in the governmental activities column in the government-wide Statement of Net Position.

Assets, Liabilities, and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.

The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:

Direct obligations of the United States Treasury;

The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969;

Interest-bearing time deposits or savings accounts in authorized qualified public depositories;

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities, and Net Position or Equity (Continued)

Cash and Investments (Continued)

Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.

Cash and investments include time deposits, certificates of deposit, money market funds, and all highly liquid debt instruments with original maturities of three months or less.

Capital Assets

Capital assets, which includes infrastructure, is reported in the applicable governmental activities column.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of two years. The valuation basis for all assets is historical cost. Donated capital assets are recorded at estimated fair market value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Capital assets of the District are depreciated using the straight-line method over the following useful lives:

Infrastructure	30 years

Budgets

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget columns of the accompanying financial statements may occur.

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS

Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position

“Total fund balances” of the District’s governmental funds, $495,455, differs from “net position” of governmental activities, $(1,302,777), reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the Statement of Net Position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below:

Capital related items

When capital assets (infrastructure that is to be used in governmental activities) are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However, the Statement of Net Position included those capital assets among the assets of the District as a whole.

Infrastructure	$	4,628,846	
Accumulated depreciation		(307,937)	
Total	$	4,320,909	

Long-term debt transactions

Long-term liabilities applicable to the District’s governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2021 were:
Bonds payable	$	(5,985,000)

Accrued interest
Accrued liabilities in the statement of net position differ from the amount reported in governmental funds due to accrued interest on bonds.

Accrued interest on bonds payable	$	(134,141)

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)

Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities

The “net change in fund balances” for government funds, $(629,661), differs from the “change in net position” for governmental activities, $(681,196), reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below:

Capital related items

When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However, in the Statement of Activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation expense. As a result, fund balances decrease by the amount of financial resources expended, whereas net position increases by the amount of capital outlay for the year.

Capital outlay	$	648,719	
Capital contribution	1,694,013	
Conveyance	(2,340,282)	
Depreciation		(153,969)	
Total	$	(151,519)	

Long-term debt transactions

Repayments of bond principal are reported as an expenditure in the governmental funds and, thus, have the effect of reducing fund balance because current financial resources have been used. Also interest is recognized when due at the fund level, but is accrued at the government-wide level.

Payments of long-term debt	$	95,000

Net change in accrued interest	$	4,984

NOTE C – CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash.

Custodial Credit Risk – Deposits

Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2021, the District's bank balance was $78,017 and the carrying value was $65,329. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

Investment	Maturities	Fair Value
US Bank Managed Money Market	N/A	 $	435,498 

The District categorizes its fair value measurements within the fair value hierarchy recently established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.

Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that uses the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.

Based on the criteria in the preceding paragraphs the investment listed above is a level 1 asset.

NOTE C – CASH AND INVESTMENTS (CONTINUED)

Interest Rate Risk

The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates. However, the District follows Section 218.415, Florida Statutes for their investments.

Credit Risk

The District's investments in treasury funds, money markets, and government loans are limited by state statutory requirements and bond compliance. The District has no investment policy that would further limit its investment choices. The District’s investments in US Bank Managed Monet Market are not rated.

Concentration of Credit Risk

The District places no limit on the amount it may invest in any one fund. The investments in the US Bank Managed Money Market Fund represent 100% of the District’s total investments.

The types of deposits and investments and their level of risk exposure as of September 30, 2021 were typical.

NOTE D – CAPITAL ASSETS

Capital Asset activity for the year ended September 30, 2021 was as follows:

Balance	Balance
October 1,	September 30,
	2020	 	Additions	 	Deletions	 	2021	
Governmental Activities:					
Capital assets, not being depreciated:					
Construction in progress	 $	7,315 	 $	- 	 $	(7,315)	 $	- 	
Capital assets, being depreciated					
Infrastructure	4,619,081	2,350,047	(2,340,282)	4,628,846	
Accumulated depreciation		(153,968)		(153,969)		- 		(307,937)	
Total Capital Assets Being Depreciated		4,465,113 		2,196,078 		(2,340,282)		4,320,909 	
Total Capital Assets, net	 $	4,472,428 	 $	2,196,078 	 $ (2,347,597)	 $	4,320,909 	

Depreciation of $153,969 was charged to physical environment.

NOTE E – LONG-TERM DEBT

The following is a summary of activity for long-term debt of the District for the year ended September 30, 2021:

Long-term debt at October 1, 2020	$	6,080,000 Principal payments			95,000
Long-term debt at September 30, 2021	$	5,985,000

In December 2018, the District issued $6,170,000 Special Assessment Revenue Bonds Series 2018, due in annual principal installments beginning May 2020, maturing May 2049. Interest is due semi-annually on May 1 and November 1, beginning May 2019, at a rate of 4.35% on the $3,855,000 bonds, with a maturity date of May 1, 2023, 4.85% on the $720,000 bonds, with a maturity date of May 1, 2029, 5.40% on the $1,860,000 bonds, with a maturity date of May 1, 2039, and 5.55% on the $3,205,000 bonds, with a maturity date of May 1, 2049. Current portion is
$100,000.	$  5,985,000

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2021 are as follows:

Year Ending
  September 30,		
	Principal		
	Interest		
	Total		
2022	$	100,000	$	321,938	$	421,938	
2023	100,000	317,588	417,588	
2024	105,000	313,238	418,238	
2025	110,000	308,145	418,145	
2026	115,000	302,810	417,810	
2027-2031	685,000	1,422,073	2,107,073	
2032-2036	900,000	1,220,138	2,120,138	
2037-2041	1,170,000	948,960	2,118,960	
2042-2046	1,545,000	587,468	2,132,468	
2047-2049		1,155,000 		130,422 		1,285,422 	
Totals	 $	5,985,000 	 $	5,872,780 	 $  11,857,780 	

NOTE E – LONG-TERM DEBT (CONTINUED)

Significant Bond Provisions

The Special Assessment Revenue Bonds Series 2018 are subject to redemption at the option of the District prior to their maturity, in whole or in part, at any time after May 1, 2029 at a redemption price equal to the principal amount of the Special Assessment Revenue Bonds Series 2018 to be redeemed, together with accrued interest to the date of redemption. The Special Assessment Revenue Bonds Series 2018 are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Trust Indenture.

The Trust Indenture established certain amounts be maintained in a reserve account. In addition, the Trust Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements.

Depository Funds

The bond resolution establishes certain funds and determines the order in which revenues are to be deposited into these funds. A description of the significant funds, including their purposes, is as follows:

Reserve Fund – The 2018 Reserve Accounts are funded from the proceeds of the Special Assessment Revenue Bonds Series 2018 in amounts equal to fifty percent of the maximum annual debt service requirement for all outstanding Special Assessment Revenue Bonds Series 2018. Monies held in the reserve accounts will be used only for the purposes established in the Trust Indenture.

Reserve Balance
Reserve Requirement
 
Series 2018 Special Assessment Revenues Bonds	 $	209,945 	 $	209,945 

NOTE F – ECONOMIC DEPENDENCY

The Developers own a significant portion of land within the District. The District’s activity is dependent upon the continued involvement of the Developers, the loss of which could have a material adverse effect on the District’s operations. At September 30, 2021, two board members are affiliated with the Developers.

NOTE G – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance. There were no claims or settled claims from these risks for each of the past three years.

INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Dowden West Community Development District City of Orlando, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Dowden West Community Development District, as of and for the year ended September 30, 2021, and the related notes to the financial statements, and have issued our report thereon dated June 28, 2022.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered Dowden West Community Development District's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Dowden West Community Development District’s internal control. Accordingly, we do not express an opinion on the effectiveness of Dowden West Community Development District's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

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To the Board of Supervisors
Dowden West Community Development District

Compliance and Other Matters

As part of obtaining reasonable assurance about whether Dowden West Community Development District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 28, 2022

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MANAGEMENT LETTER

To the Board of Supervisors
Dowden West Community Development District City of Orlando, Florida

Report on the Financial Statements

We have audited the financial statements of the Dowden West Community Development District as of and for the year ended September 30, 2021, and have issued our report thereon dated June 28, 2022.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards. Disclosures in that report, which is dated June 28, 2022, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. There were no findings or recommendations in the preceding financial audit report.

Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not Dowden West Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that Dowden West Community Development District did not meet any of the conditions described in Section 218.503(1) Florida Statutes.

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To the Board of Supervisors
Dowden West Community Development District

Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for Dowden West Community Development District. It is management’s responsibility to monitor the Dowden West Community Development District’s financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same as of September 30, 2021.

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Specific Information

The information provided below was provided by management and has not been audited; therefore, we do not express an opinion or provide any assurance on the information.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Dowden West Community Development District reported:
The total number of district employees compensated in the last pay period of the District’s fiscal year: 1
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the District’s fiscal year: 8
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency: $1,000
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency: $809,424
Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1, 2020, together with the total expenditures for such project: The District had no construction projects started during the year.
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final adopted budget under Section 189.016(6), Florida Statutes: The budget was not amended.
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)8, Rules of the Auditor General, the Dowden West Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District: General Fund, $315.13 – 756.32 plus off roll, $96,839 and Debt Service, $500 - $1,200 plus off roll, $292,340.
The amount of special assessments collected by or on behalf of the District: Total Special Assessments collected was $601,782.
The total amount of outstanding bonds issued by the District and the terms of such bonds: Series 2018, $5,985,000 maturing May 2049.

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To the Board of Supervisors
Dowden West Community Development District

Additional Matters

Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 28, 2022

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INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Dowden West Community Development District City of Orlando, Florida

We have examined Dowden West Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2021. Management is responsible for Dowden West Community Development District’s compliance with those requirements. Our responsibility is to express an opinion on Dowden West Community Development District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Dowden West Community Development District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Dowden West Community Development District’s compliance with the specified requirements.

In our opinion, Dowden West Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2021.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 28, 2022

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SECTION VI

SECTION A
RESOLUTION 2022-07

THE ANNUAL APPROPRIATION RESOLUTION OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT (THE "DISTRICT") RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2022, submitted to the Board of Supervisors (the "Board") a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the Dowden West Community Development District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the proposed annual budget (the "Proposed Budget"), the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section l 90.008(2)(b), Florida Statutes; and

WHEREAS, the Board set July 21, 2022, as the date for a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1, of each year, the District Board by passage of the Annual Appropriation Resolution shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT;

Section 1.	Budget

That the Board of Supervisors has reviewed the District Manager's Proposed Budget, a copy of which is on file with the office of the District Manager and at the District's Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

That the District Manager's Proposed Budget, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes,
and incorporated herein by reference; provided, however, that the comparative figures contained in the adopted budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures for Fiscal Year 2022 and/or revised projections for Fiscal Year 2023.

That the adopted budget, as amended, shall be maintained in the office of the District Manager and at the District's Records Office and identified as "The Budget for Dowden West Community Development District for the Fiscal Year Ending September 30, 202311, as adopted by the Board of Supervisors on July 21, 2022.

Section 2.	Appropriations

There is hereby appropriated out of the revenues of the Dowden West Community Development District, for the fiscal year beginning October 1, 2022, and ending September 30, 2023, the sum of $	to be raised by the levy of assessments and otherwise, which sum is deemed by the Board of Supervisors to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

TOTAL DEBT SERVICE FUND- SERIES 2018	$ 	_

TOTAL ALL FUNDS	$	_

Section 3.   Supplemental Appropriations

The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:

Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.

Board may authorize an appropriation from the unappropriated balance of any fund.

Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included.  Such transfer shall not have the effect of causing a more than
$10,000 or 10% increase, previously approved transfers included, to the original budget
appropriation for the receiving program. Transfers within a program or project may be approved by the Board of Supervisors. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section.

Introduced, considered favorably, and adopted this 2151 day of July, 2022.

ATTEST:	BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT

Secretary
By:	_

Its:	_

Dowden West
Community Development District

Proposed Budget
FY2023

6M3

Table of Contents

1-2

3-7

8

9
General Fund

General Fund Narrative

Series 2018 Debt Service Fund

Series 2018 Amortization Schedule

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget		
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023		

Revenues						
Assessments - Tax Roll	$	134,546	$	152,587	$	2,762	$	155,350	$	451,014	
Assessments - Direct	$	96,631	$	119,994	$	-	$	119,994	$	154,442	
Developer Contributions	$	273,919	$	-	$	109,670	$	109,670	$	-	
Total Revenues	$	505,096	$	272,581	$	112,432	$	385,013	$	605,457	

Expenditures						
General & Administrative						
Supervisor Fees	$	4,800	$	200	$	800	$	1,000	$	4,800	
FICA Expense	$	367	$	15	$	61	$	77	$	367	
Engineering	$	12,000	$	6,140	$	4,000	$	10,140	$	12,000	
Attorney	$	25,000	$	5,371	$	8,333	$	13,704	$	25,000	
Arbitrage	$	900	$	450	$	-	$	450	$	900	
Dissemination Fees	$	7,000	$	2,333	$	1,167	$	3,500	$	7,000	
Annual Audit	$	5,000	$	-	$	3,490	$	3,490	$	5,000	
Trustee Fees	$	7,000	$	4,041	$	-	$	4,041	$	7,000	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Management Fees	$	36,050	$	24,033	$	12,017	$	36,050	$	37,853	
Information Technology	$	900	$	600	$	300	$	900	$	1,125	
Website Maintenance	$	600	$	2,150	$	200	$	2,350	$	750	
Telephone	$	300	$	-	$	100	$	100	$	300	
Postage	$	1,000	$	74	$	100	$	174	$	1,000	
Printing & Binding	$	1,000	$	67	$	125	$	192	$	1,000	
Insurance	$	5,919	$	5,570	$	-	$	5,570	$	6,684	
Legal Advertising	$	5,000	$	1,056	$	3,500	$	4,556	$	5,000	
Other Current Charges	$	2,000	$	324	$	180	$	504	$	2,000	
Office Supplies	$	500	$	2	$	167	$	168	$	500	
Property Appraiser	$	250	$	79	$	-	$	79	$	250	
Dues, Licenses & Subscriptions	$	175	$	175	$	58	$	233	$	175	
Total General & Administrative:	$	120,761	$	57,679	$	34,598	$	92,277	$	123,704	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget			
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023			

Operations & Maintenance							
Contract Services							
Field Management		$	15,000	$	10,000	$	5,000	$	15,000	$	15,750	
Landscape Maintenance		$	247,835	$	116,010	$	58,005	$	174,014	$	283,944	
Lake Maintenance		$	8,000	$	4,800	$	2,400	$	7,200	$	12,900	
Mitigation Monitoring		$	10,000	$	-	$	-	$	-	$	10,000	
Repairs & Maintenance							
General Repairs & Maintenance		$	2,000	$	-	$	-	$	-	$	2,500	
Operating Supplies		$	500	$	-	$	-	$	-	$	500	
Landscape Replacement		$	5,000	$	205	$	1,667	$	1,872	$	5,000	
Irrigation Repairs		$	3,000	$	2,890	$	1,000	$	3,890	$	3,000	
Alleyway & Sidewalk Maintenance		$	2,500	$	-	$	833	$	833	$	5,000	
Signage		$	3,500	$	325	$	1,167	$	1,492	$	3,500	
Utilities							
Electric		$	2,000	$	244	$	240	$	484	$	2,000	
Water & Sewer		$	14,000	$	10,616	$	8,000	$	18,616	$	20,000	
Streetlights		$	63,000	$	34,641	$	25,373	$	60,014	$	107,475	
Other							
Contingency		$	5,000	$	739	$	4,261	$	5,000	$	5,000	
Property Insurance		$	3,000	$	4,320	$	-	$	4,320	$	5,184	
Total Operations & Maintenance:		$	384,335	$	184,790	$	107,946	$	292,736	$	481,753	
							
Total Expenditures		$	505,096	$	242,469	$	142,543	$	385,013	$	605,457	
							
Excess Revenues/(Expenditures)		$	-	$	30,112	$	(30,112)	$	-	$	-	

FY2023 Assessments - O&M							

Type	Units	
ERU/Unit	
ERU's	Gross Per Unit Assessment	Net Per Unit Assessment	Total Gross Assessments	Total Net Assessments	
Townhome	259	0.5	129.5	$498.24	$468.34	$129,043.46	$121,300.85	
Single Family - 40'	201	0.8	160.8	$797.18	$749.35	$160,233.11	$150,619.13	
Single Family - 50'	118	1	118	$996.47	$936.69	$117,584.00	$110,528.96	
Single Family - 60'	61	1.2	73.2	$1,195.77	$1,124.02	$72,941.94	$68,565.42	
Unplatted	807	0.20	164.88	$203.59	$191.38	$164,300.49	$154,442.46	
Total	1446		646.38			$644,103.00	$605,456.82	

FY2022 - 2023 Comparison

Type	FY2022 Gross Per Unit	FY2023 Gross Per Unit	
$ Increase	
Townhome	$315.13	$498.24	$183.11	
Single Family - 40'	$504.22	$797.18	$292.96	
Single Family - 50'	$630.27	$996.47	$366.20	
Single Family - 60'	$756.32	$1,195.77	$439.45	

REVENUES:

Assessments

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

Developer Contributions

The District will enter into a Funding Agreement with the Developer to fund the operating expenditures not covered by assessments for the Fiscal Year

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expense

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.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2018 bonds in addition to a second bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues.

Annual Audit

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

Trustee Fees

The District will incur trustee related costs with the Series 2018 bonds in addition to a second bond issuance.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Management Fees

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

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

Insurance

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

Printing & Binding

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.

Other Current Charges

Bank charges and any other miscellaneous expenditures 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.

Property Appraiser

Represents the fees to be paid to the Orange County Property Appraiser for annual assessment roll administration.

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 expenditure under this category for the District.

Operations & Maintenance:

Contract Services:

Field Management

Represents the costs of onsite field management with Governmental Management Services – Central Florida LLC of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Landscape Maintenance

Represents the estimated maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed. Phase 1 & 4 maintenance includes costs of the East West Collector Road Phase 1 estimated services.

Description	Annual Amount	
Landscape Maintenance Phase 1 & 4	$	210,624	
Landscape Maintenance Phase 2 & 3	 $	73,320		
	$	283,944	

Lake Maintenance		

Represents estimated costs for maintenance to all lakes the District must maintain within District boundaries.

Description	Annual Amount	
Lake Maintenance Phase 1 & 4	$	7,200	
Lake Maintenance Phase 2	$	4,200	
Contingency	 $	1,500		
	$	12,900	

Mitigation Monitoring

The District will incur costs for scheduled monitoring of mitigation areas located throughout the District. The amounts are estimated.

Repairs & Maintenance:

General Repairs & Maintenance

Represents estimated costs for the general repairs and maintenance of various facilities throughout the District.

Operating Supplies

Represents estimated costs of supplies purchased for operating and maintaining common areas.

Landscape Replacement

Represents estimated costs related to the replacement of any landscaping needed throughout the fiscal year.

Irrigation Repairs

The District will incur costs related to repairing and maintaining its irrigation systems. The amount is based on estimated costs.

Alleyway Maintenance

Represents estimated costs for the maintenance of alleyways located within the District.

Signage

Represents estimated costs to replace miscellaneous signs throughout the fiscal year.

Utilities:

Electric

Represents estimated electric charges of common areas throughout the District.

Water & Sewer

Represents estimated costs for water and refuse services provided for common areas throughout the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Description	Annual Amount	
Streetlights Dowden Rd Phase 1 & 4	$	54,000	
Streetlights Phase 2	$	24,150	
Streetlights Phase 3	 $	29,325		
	$	107,475	

Other:

Contingency

Represents funds allocated to expenditures that the District could incur throughout the fiscal year that do not fit into any standard category.

Property Insurance

The District will incur fees to insure items owned by the District for its property needs. Coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage for government agencies.

Proposed Budget
Debt Service Fund Series 2018

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget			
Description	FY2022	5/31/22	4 Months	9/30/22	FY2023			

Revenues							
Assessments		$	419,890	$	415,507	$	4,382	$	419,890	$	419,890	
Interest		$	-	$	7	$	-	$	7	$	-	
Carry Forward Surplus		$	168,427	$	169,770	$	-	$	169,770	$	167,729	
Total Revenues		$	588,317	$	585,284	$	4,382	$	589,667	$	587,619	

Expenditures							
General & Administrative:							

Interest - 11/1		
$	160,969	
$	160,969	
$	-	
$	160,969	
$	158,794	
Principal - 5/1		$	100,000	$	100,000	$	-	$	100,000	$	100,000	
Interest - 5/1		$	160,969	$	160,969	$	-	$	160,969	$	158,794	
Total Expenditures		$	421,938	$	421,938	$	-	$	421,938	$	417,588	
							
Excess Revenues/(Expenditures)		$	166,379	$	163,347	$	4,382	$	167,729	$	170,032	
					
Interest - 11/1/23	
 $	156,619 	
					Total	 $	156,619 	
FY2023 Assessments - On Roll Debt	Service						

Type	Units	Gross Per Unit Assessment	Net Per Unit Assessment	Total Gross Assessments	Total Net Assessments			
Townhome	208	$500.00	$470.00	$104,000.00	$97,760.00			
Single Family - 40'	201	$800.00	$752.00	$160,800.00	$151,152.00			
Single Family - 50'	118	$1,000.00	$940.00	$118,000.00	$110,920.00			
Single Family - 60'	54	$1,200.00	$1,128.00	$64,800.00	$60,912.00			
Total	581			$447,600.00	$420,744.00			
Series 2018 Special Assessment Bonds Amortization Schedule

-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
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-
,000.00

SECTION 8
RESOLUTION 2022-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT IMPOSING SPECIAL ASSESSMENTS AND CERTIFYING AN ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Dowden West Community Development District ("the District") is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Orange County, Florida (the "County"); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District's adopted Improvement Plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District ("Board") hereby determines to undertake various operations and maintenance activities described in the District's budget for Fiscal Year 2022-2023 ("Operations and Maintenance Budget"), attached hereto as Exhibit "A" and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the District's budget for Fiscal Year 2022-2023; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, The District has previously levied an assessment for debt service, which the District desires to directly collect, and which is also indicated on Exhibit "A"; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance on both platted lots and un-platted lands as set forth in the budget; and

WHEREAS, the District desires to levy and directly collect on both the platted and un­ platted lands special assessments reflecting their portion of the District's operations and maintenance budget; and
WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Dowden West Community Development District (the "Assessment Roll") attached to this Resolution as Exhibit "B" and incorporated as a material part of this Resolution by this reference; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll adopted herein as the Orange County Property Appraiser updates the property roll for Orange County, for such time as authorized by Florida law.

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

SECTION 1. BENEFIT. The provision of the services, facilities, and operations as described in Exhibit "A" confer a special and peculiar benefit to the lands within the District, which benefits exceed or equal the costs of the assessments. The allocation of the costs to the specially benefitted lands is shown in Exhibits "A" and "B."

SECTION 2. ASSESSMENT IMPOSITION. A special assessment for operation and maintenance as provided for in Chapter 190, Florida Statutes, is hereby imposed and levied on benefitted lands within the District in accordance with Exhibits "A" and "B." The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3. COLLECTION. The previously levied debt service assessments and operations and maintenance assessments on both platted lots and on undeveloped and un-platted lands will be collected directly by the District in accordance with Florida law, as set forth in Exhibits "A" and "B." Assessments directly collected by the District are due according to the following schedule: 50% due no later than November 1, 2022, 25% due no later than February 1, 2023 and 25% due no later than May 1, 2023. In the event that an assessment payment is not made in accordance with the schedule stated above, such assessment and any future scheduled assessment payments due for Fiscal Year 2023 shall be delinquent and shall accrue penalties and interest in the amount of one percent (1%) per month 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. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings to collect and enforce the delinquent and remaining assessments.

SECTION 4. ASSESSMENT ROLL. The District's Assessment Roll, attached to this Resolution as Exhibit "B," is hereby certified.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep appraised of all updates made to the County property roll by Property Appraiser after the date of this Resolution, and shall amend the District's Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any
amendment of the Assessment Roll, the District Manager shall file the updates to the tax roll in the District records.

SECTION 6. 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.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board of Supervisors of the Dowden West Community Development District.

PASSED AND ADOPTED this 21st day of July, 2022.

ATTEST:	DOWDEN	WEST	COMMUNITY DEVELOPMENT DISTRICT

By:	 _

Secretary/ Assistant Secretary
Its:	_

RESOLUTION 2022-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT APPROVING THE CONVEYANCE OF REAL PROPERTY AND IMPROVEMENTS FROM BEACHLINE SOUTH RESIDENTIAL, LLC TO THE DISTRICT AND FROM THE DISTRICT TO ORANGE COUNTY, FLORIDA; AUTHORIZING DISTRICT STAFF AND THE CHAIRMAN TO REVIEW, EXECUTE AND ACCEPT ALL DOCUMENTS TO EFFECTUATE SUCH CONVEYANCE; PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Dowden West Community Development District (the “District”) is a local unit of special purpose government duly organized and existing under the provisions of the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the “Act”), for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of certain infrastructure within and without the boundaries of the premises to be governed by the District; and

WHEREAS, the District has the authority, generally under the Act, and specifically under Section 190.012, Florida Statutes, to acquire real property and improvements for, among other things, the purposes of operating and maintaining systems, facilities, and basic infrastructure within the District; and

WHEREAS, the District has the authority, generally under Florida Law and the Act, and specifically under Section 190.011(7)(a), Florida Statutes, to acquire, dispose of any real property, dedications or platted reservations in any manner so long as it is in the best interest of the District; and

WHEREAS, Beachline South Residential, LLC, a Florida limited liability company (hereinafter “Beachline”), has requested the approval and transfer by the District of real property and infrastructure improvements, as more particularly described in the Warranty Deeds, Bills of Sale Absolute and Agreement, Agreement Regarding Taxes, Owner’s Affidavit and Certificate of District Engineer, attached hereto as Exhibit “A” (the “Conveyance Documents”), from Beachline to the District, and thereafter from the District to Orange County, Florida, a charter county and political subdivision of the State of Florida (hereinafter, “Orange County”); and

WHEREAS, the District Counsel and the District Manager have reviewed the conveyances from Beachline, and the District Engineer has also reviewed the conveyances and has provided a Certificate of District Engineer for each conveyance, attached hereto as part of Exhibit “A,” to evidence compliance with the requirements of the District for accepting the conveyances.

NOW, THEREFORE, BE IT RESOLVED by the Board of Supervisors of the District (the “Board”), as follows:
Incorporation of Recitals. The above recitals so stated are true and correct and by this reference are incorporated into and form a material part of this Resolution.

Approval of Acquisition and Transfer of the Real Property and Improvements. The Board hereby approves the transfer and acceptance of the real property and improvements described in Exhibit “A,” to the District and thereafter to Orange County, and approves and accepts the documents evidencing such conveyances in Exhibit “A.”

Authorization of District Staff. The Chairman, the Vice Chairman, the Secretary, any Assistant Secretary and the District Manager of the District, and any authorized designee thereof (collectively, the "District Officers"), District Counsel, and the District Engineer are hereby authorized and directed to take all actions necessary or desirable in connection with the conveyance of the real property and improvements described in Exhibit “A,” and all transactions in connection therewith. The District Officers are hereby authorized and directed to execute all necessary or desirable certificates, documents, papers, and agreements necessary to the undertaking and fulfillment of all transactions contemplated by this Resolution.

Ratification of Prior Actions. All actions taken to date by the District Officers, District Manager, District Counsel, District Engineer, are hereby ratified and authorized on behalf of the District.

Severability. If any section, paragraph, clause or provision of this Resolution shall be held to be invalid or ineffective for any reason, the remainder of this Resolution shall continue in full force and effect, it being expressly hereby found and declared that the remainder of this Resolution would have been adopted despite the invalidity or ineffectiveness of such section, paragraph, clause or provision.

Effective Date. This Resolution shall take effect immediately upon its adoption.

[Continues on the Following Pages]
PASSED in public meeting of the Board of Supervisors of the Dowden West Community Development District, this 21st day of July 2022.

Attest:
DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT

Print: 	
By: 		 Name: 	
Secretary/Asst. Secretary	Title: 	
EXHIBIT “A”

CONVEYANCE DOCUMENTS

Warranty Deed between Beachline South Residential, LLC and the Dowden West Community Development District;
Warranty Deed between the Dowden West Community Development District and the Orange County, Florida;
Bill of Sale Absolute and Agreement between Beachline South Residential, LLC and the Dowden West Community Development District;
Bill of Sale between the Dowden West Community Development District and Orange County, Florida;
Agreement Regarding Taxes between Beachline South Residential, LLC and the Dowden West Community Development District;
Owner’s Affidavit of Beachline South Residential, LLC;
Certificate of District Engineer
THIS INSTRUMENT PREPARED BY AND TO BE RETURNED TO:
Jan Albanese Carpenter, Esq.
Latham, Luna, Eden & Beaudine, LLP
P.O. Box 3353
Orlando, Florida 32802

WARRANTY DEED

THIS WARRANTY DEED made as of this 	 day of July, 2022 by BEACHLINE
SOUTH RESIDENTIAL, LLC, a Florida limited liability limited company, whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811, to DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (the “Grantee”).

(Whenever used herein the terms “Grantor” and “Grantee” include all the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations).

That the Grantor, for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the Grantee, all that certain land situate in Orange County, Florida, more particularly described as follows (the “Property”).

SEE EXHIBIT “A” ATTACHED HERETO AND INCORPORATED HEREIN BY REFERENCE.

TOGETHER WITH all tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.

TO HAVE AND TO HOLD, the same in fee simple forever.

AND the Grantor does hereby covenant with Grantee that the Grantor is lawfully seized of said land in fee simple; that the Grantor has good right and lawful authority to sell and convey this land; that the Grantor hereby warrants that title to the land is free from all encumbrances except for restrictions, covenants, conditions, easements and other matters of record (provided, however, that reference thereto shall not serve to re-impose same) and taxes for the year 2022 and subsequent years, and that the Grantor will defend title to the land against the lawful claims of all persons claiming by, through or under Grantor, but against none other.

NOTE TO RECORDER: This deed is a conveyance of unencumbered property for no consideration and is exempt from documentary stamp tax pursuant to Florida Administrative Code Rule 12B-4.014(2)(b). Minimum documentary stamp tax of $0.70 is being paid herein.

[SIGNATURES ON FOLLOWING PAGE]
IN WITNESS WHEREOF, the said Grantor has caused these presents to be executed in its name, the day and year first above written.

Signed, sealed and delivered in our presence:

(Signature) (Print Name)

(Signature) (Print Name)	“GRANTOR”

BEACHLINE SOUTH RESIDENTIAL,
LLC, a Florida limited liability company

By: 	 Print: David Baselice
Title: Vice President	

STATE OF FLORIDA COUNTY OF ORANGE

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this    day of July, 2022, by David Baselice, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company.  Said person is [  ] personally known to me or [  ] has produced
	 as identification.

Notary Public; State of Florida
(SEAL)	Print Name: 		 Comm. Exp.: 	; Comm. No.: 		

2
EXHIBIT “A”

Description of the Property

Tract EE, according to the STARWOOD PHASE N-1 C plat, as recorded in Plat Book 108, Page 25, Public Records of Orange County, Florida.
THIS INSTRUMENT PREPARED BY AND TO BE RETURNED TO:
Jan Albanese Carpenter, Esq.
Latham, Luna, Eden & Beaudine, LLP
P.O. Box 3353
Orlando, Florida 32802

WARRANTY DEED

THIS WARRANTY DEED is made this    day of July, 2022 between the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, having an address at c/o Governmental Management Services - Central Florida, LLC, 219 East Livingston Street, Orlando, Florida 32801 (the “Grantor”), and the ORANGE COUNTY, a charter county and political subdivision of the State of Florida, whose address is P. O. Box 1393, Orlando, Florida 32802-1393 (hereinafter the “Grantee”).

WITNESSETH:

GRANTOR, for and in consideration of the sum of Ten and no/100 Dollars ($10.00) and other good and valuable consideration to Grantor in hand paid by said Grantee, the receipt whereof is hereby acknowledged, hereby grant, convey, bargain, and sell to the said Grantee, and Grantee’s successors and assigns forever, the following described property, situate, lying and being in Orange County, Florida, to-wit (the “Property”):

See attached Exhibit “A” incorporated herein by reference.

TOGETHER WITH all tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.

TO HAVE AND TO HOLD, the same in fee simple forever.

GRANTOR does hereby covenant with and warrant to Grantee that the Grantor is lawfully seized of the Property in fee simple; that the Grantor has good right and lawful authority to sell and convey the Property; and that the Grantor hereby warrants that title to the land is free from all encumbrances except for restrictions, covenants, conditions, easements and other matters of record (provided, however, that reference thereto shall not serve to re-impose same), and taxes for the year 2022 and subsequent years, and that the Grantor will defend title to the land against the lawful claims of all persons claiming by, through or under Grantor, but against none other.

NOTE TO RECORDER: This deed is a conveyance of unencumbered property for no consideration and is exempt from documentary stamp tax pursuant to Florida Administrative Code Rule 12B- 4.014(2)(b). Minimum documentary stamp tax of $0.70 is being paid herein.
IN WITNESS WHEREOF, the said Grantor has duly caused the execution of this Warranty Deed as of the date set forth above.

WITNESSES:

By:	DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT

Print Name: 	
By:	 Printed: 	 Title: Chairman

Print Name: 	

STATE OF FLORIDA COUNTY OF 	
The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this 	 day of July, 2022, by 		 as Chairman of the Board of Supervisors of the Dowden West Community Development District and who has acknowledged that he has executed the same on behalf of the Dowden West Community Development District. He has [ ] produced 	 as identification or [ ] is personally known to me.

Notary Public

Print Name:	

My Commission expires: 	

My Commission No.: 	
EXHIBIT “A”

(Legal Description)

Tract EE, according to the STARWOOD PHASE N-1 C plat, as recorded in Plat Book 108, Page 25, Public Records of Orange County, Florida.
BILL OF SALE ABSOLUTE AND AGREEMENT
Dowden West Community Development District – Lift Station (Starwood Phase N-1 C Plat)

THIS BILL OF SALE ABSOLUTE AND AGREEMENT (“Agreement”) is made as of this    day of July, 2022, by and between DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT (hereinafter referred to as the “District”), a Florida community development district created pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801, and BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (hereinafter referred to as “Developer”), whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811, and

RECITALS

WHEREAS, Developer owns certain improvements, equipment and personal property located within the boundaries of the District, and the extent, nature and location of such improvements and equipment is more fully set forth in Exhibit “A” attached hereto (collectively, the “Improvements”); and

WHEREAS, both Developer and the District find it to be in the best interest of both parties for the District to perpetually own, operate and maintain the Improvements, as the District may deem reasonable or appropriate, within its sole discretion, for the benefit of the District; and

WHEREAS, Developer desires to convey the Improvements to the District to allow such perpetual ownership, operation and maintenance, and the District desires to accept such ownership, operation and maintenance.

NOW, THEREFORE, the parties hereto hereby agree to and acknowledge the following:

The above recitals are true and correct and are hereby incorporated into this Agreement.

KNOW ALL MEN BY THESE PRESENTS that Developer, of the County of Orange and the State of Florida, for and in consideration of the sum of Ten Dollars ($10.00) lawful money of the United States, to it paid by the District, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred and delivered, and by these presents does grant, bargain, sell, transfer, set over and deliver unto the District, its executors, administrators and assigns, and the District hereby accepts, all of Developer’s right, title and interest in and to the Improvements, to have and to hold the same unto the District, its executors, administrators and assigns forever, and the District hereby accepts, all of the Developer’s right, title and interest in and to the Improvements, to have and to hold the same unto the District, its executors, administrators and assigns forever, together with all of the Developer’s right and title to any and all contracts, warranties, guarantees, permits, approvals and similar rights in favor of or which may have accrued to the Developer from any and all persons, firms, agencies or corporations who have performed work or labor or supplied goods, materials or services to or for the benefit of or comprising any part of the Improvements to the extent they are assignable, together with any related documents, materials, data, letters, and
agreements, to have and to hold unto District, its successors and assigns, to and for its or their use, forever.

Developer agrees that any of the above-referenced contracts, warranties, permits, approvals and guarantees which are not assignable by their terms or in respect of which consents to their assignment are required but are not available, shall be held in trust for the District by the Developer (and, if required, performed by the Developer on behalf of the District) and all benefits derived thereunder shall be for the benefit of the District.

The Developer represents and warrants to the District that the Developer has good and lawful right, title and interest in the Improvements and that the Improvements is free and clear of any and all liens or encumbrances, that the Improvements are in good working conditions, and as of the date hereof, there are no defaults or violations of the terms and conditions of any contracts, warranties, permits, approvals and guarantees.

The above recitals are true and correct and are incorporated herein by reference.

This Bill of Sale may be executed in any number of counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.

.

[SIGNATURES APPEAR ON THE FOLLOWING PAGES]
IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed in their respective names, by their proper officer thereunto duly authorized, as of the day and year first above written.

Signed, sealed and delivered	BEACHLINE SOUTH RESIDENTIAL,
in the presence of:	LLC, a Florida limited liability company

Witness
By:	 Print: David Baselice

Printed Name	Title: Vice President

Witness

Printed Name

STATE OF FLORIDA COUNTY OF ORANGE

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this    day of July, 2022, by David Baselice, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [  ] personally known to me or [  ] has produced
	 as identification.

Notary Public; State of Florida
Print Name:	 My Commission Expires:	 My Commission No.:	
COUNTERPART SIGNATURE PAGE TO BILL OF SALE
Dowden West Community Development District – Lift Station (Starwood Phase N-1 C Plat)

DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT,
a Florida community development district

ATTEST:
By:	

By: 		 Secretary/Asst. Secretary
Print: 	 Title: Chairman

STATE OF FLORIDA COUNTY OF ORANGE

The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this    day of July, 2022, by 		, as Chairman of the Board of Supervisors of the DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT, a Florida community development district, on its behalf. Said person is [ ] personally known to me or [ ] has produced 	 as identification.

Notary Public; State of Florida
Print Name:	 My Commission Expires:	 My Commission No.:	
EXHIBIT “A”

LIST AND DESCRIPTION OF IMPROVEMENTS & EQUIPMENT

Lift station tract improvement include all pipes, valves, fittings, wet well, pumps, electrical panels, fencing and other equipment.

The foregoing Improvements are located on the following real property tracts:

Tract EE, according to the STARWOOD PHASE N-1 C plat, as recorded in Plat Book 108, Page 25, Public Records of Orange County, Florida.
Bill of Sale
Lift Station Tract EE of Starwood Phase N-1 C
Dowden West Community Development District
{OCU Permit 	}

Dowden West Community Development District, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (“Seller”), for and in consideration of the sum of one dollar ($1.00) and other valuable consideration paid to Seller by County of Orange, a political subdivision of the State of Florida (“Buyer”). Buyer, receipt of which is hereby acknowledges does grant, sell, transfer, convey and deliver to Buyer all pipes, valves, fittings, wet well, pumps, electrical panels, fencing and other equipment that comprise the lift station tract described as follows:

Tract EE, according to the STARWOOD PHASE N-1 C plat, as recorded in Plat Book 108, Page 25, Public Records of Orange County, Florida.

Buyer shall have all rights and title to the goods in itself and its assigns.

Seller warrants that it is the lawful owners of the goods and the goods are free from all liens and encumbrances. Seller has good right to sell the goods and will warrant and defend the right against the lawful claims and demands of all persons.

By:			 Name: 		
Title:		

IN WITNESS WHEREOF, Seller has executed this Agreement at 	, Florida on 	, 2022.

SIGNED, SEALED AND DELIVERED	IN THE PRESENCE OF:

By:			
Witness

Attest:
AGREEMENT REGARDING TAXES
Dowden West Community Development District – Lift Station (Starwood Phase N-1 C Plat)

THIS AGREEMENT REGARDING TAXES (“Agreement”) is entered into this    day of July, 2022, by and between BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, whose address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (the “Developer”), and the DOWDEN WEST COMMUNITY DEVELOPMENT
DISTRICT, a Florida community development district, whose address is c/o Governmental Management Services – Central Florida, LLC, 219 E. Livingston Street, Orlando, Florida 32801 (the “District”).

W I T N E S S E T H:

WHEREAS, Developer is the owner and developer of certain real property located within the boundaries of the District, as such property is described on Exhibit “A” attached hereto and incorporated herein (the “Property”); and

WHEREAS, Developer is the owner and developer of infrastructure improvements and personal property, made in, on, over, under and through the Property and the land owned by the District, as described on Exhibit “A” attached hereto and incorporated herein (the “Improvements”); and

WHEREAS, the District is a Florida community development district and local unit of special-purpose government created pursuant to Chapter 190, Florida Statutes; and

WHEREAS, as part of the ongoing development activities within the boundaries of the District, Developer has, simultaneously with the execution of this Agreement, conveyed the Property and the Improvements to the District by Special Warranty Deed and Bill of Sale Absolute and Agreement; and

WHEREAS, all or a substantial portion of real property already owned by the District is either exempt from ad-valorem taxes or has been given a minimal valuation by the Orange County Property Appraiser because of the District’s status as a governmental entity; and

WHEREAS, in conjunction with the conveyance of the Property and Improvements from Developer to District, Developer and District are desirous of setting forth in this Agreement their respective responsibilities with regard to applicable ad-valorem taxes and assessments on the Property.

NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars ($10.00) and other valuable considerations, paid by each party to the other, the receipt and sufficiency of which is hereby acknowledged, and in further consideration of the mutual covenants and conditions contained herein, the parties hereto agree as follows:

The above recitals are true and correct and are incorporated herein by reference.
Developer hereby represents that all ad-valorem taxes and assessments relating to the Property, or any portion thereof, for tax year 2021 and all prior years have been paid in full.

Developer hereby agrees to pay in full, and prior to their becoming delinquent, any and all ad-valorem taxes and assessments, if any, levied on the Property for the tax year 2022.

Subsequent to the District’s acceptance of the Property and Improvements, and only in the event the Property is not conveyed to another governmental entity, the District shall endeavor to either obtain an exemption from ad-valorem taxes pertaining to the Property or, in the alternative, shall seek a minimal valuation of the Property, from the Orange County Property Appraiser and, subsequent to tax year 2022, Developer shall have no further responsibility with regard to ad-valorem taxes or assessments levied against the Property and/or Improvements, as applicable.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on their behalf by their duly authorized representatives, all as of the date first set forth above.

[SIGNATURE PAGE FOLLOWS]
SIGNATURE PAGE TO AGREEMENT REGARDING TAXES
Dowden West Community Development District – Lift Station (Starwood Phase N-1 C Plat)

WITNESSES:

Signed, sealed and delivered in the presence of:
PrintName:	 PrintName:		GRANTOR:

BEACHLINE SOUTH RESIDENTIAL, LLC, a
Florida limited liability company

By: 	 Print: Dave Baselice
Title: Vice President	

ATTEST:

Signed, sealed and delivered in the presence of:

	Secretary

Print Name: 	
DISTRICT:

DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT

By: 	 Printed Name: 	 Title:	
EXHIBIT “A”

DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS

PROPERTY

Tract EE, according to the STARWOOD PHASE N-1 C plat, as recorded in Plat Book 108, Page 25, Public Records of Orange County, Florida.

IMPROVEMENTS

Lift station tract improvement include all pipes, valves, fittings, wet well, pumps, electrical panels, fencing and other equipment.

A-1
OWNER’S AFFIDAVIT
Dowden West Community Development District – Lift Station (Starwood Phase N-1 C Plat)

STATE OF FLORIDA COUNTY OF ORANGE

BEFORE ME, the undersigned authority, personally appeared David Baselice (“Affiant”) as Vice President of Beachline South Residential, LLC, a Florida limited liability company, whose principal address is 4901 Vineland Road, Suite 450, Orlando, Florida 32811 (the “Owner”), who being first duly sworn on oath says:

That Affiant knows of his/her own knowledge that the Owner is the fee simple title holder to certain lands located in Orange County, Florida (the “Property”) and of certain infrastructure improvements on the Property (the “Improvements”), as more particularly described on Exhibit “A” attached hereto, and that Affiant is the Vice President of the Owner, is making this Affidavit in that capacity only, and that no recourse shall be made against Affiant individually.

That the Property and Improvements, as described in the Special Warranty Deed and Bill of Sale Absolute and Agreement, dated as of the date hereof, are free and clear of all liens and encumbrances except for those encumbrances and matters affecting title included in the plat of Starwood Phase N-1 C, as recorded in Plat Book 108, Page 25, of the Official Records of Orange County, Florida (the “Plat”).

That Affiant knows of no facts by reason of which the title to, or possession of, the Property and Improvements might be disputed or questioned, or by reason of which any claim to any part of the Property and Improvements might be asserted adversely to Owner.

That there have been no liens filed against the Property or the Improvements as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge, nor any unpaid bills of any nature as a result of any labor, materials, equipment or other work authorized by Owner, its employees, or agents or of which Owner has actual knowledge either for services of any architect, engineer, or surveyor, or for labor or material that may have been placed on the Property or Improvements, either in the construction or repair of the Improvements, or otherwise in connection with the Property which bills may have been incurred during the last ninety (90) days.

That no proceedings in bankruptcy or receivership have ever been instituted by or against the Owner, nor has Owner ever made an assignment for the benefit of its creditors.

That Affiant knows of no action or proceeding relating to the Property or Improvements which is now pending in any state or federal court in the United States affecting the Property, nor does Affiant know of any state or federal judgment or any federal lien of any kind or nature that now constitutes a lien or charge upon the Property or Improvements.

That, except as set forth in the Plat, Affiant knows of no unrecorded easements, liens, or assessments for sanitary sewers, streets, roadways, paving, other public utilities or
improvements against the Property, nor are there any special assessments or taxes which are not shown as existing liens by the public records.

That this Affidavit is given for the purposes of inducing the Dowden West Community Development District (the “District”), a Florida community development district and local unit of special-purpose government, to accept the Owner’s conveyance of the Property and Improvements to the District.

That there are no matters pending against Owner that could give rise to any lien(s) that could attach to the Property or the Improvements between the effective date of the Plat and the recording of the deed of conveyance, and that Affiant shall not execute nor permit the execution or recording of any instruments that would adversely affect title of the Property or the ownership of the Improvements.

Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. To inform the District and Latham, Luna, Eden & Beaudine, LLP (“LLEB”), that withholding of tax is not required upon the disposition of a U.S. real property interest by Owner, Owner hereby swears, affirms and certifies the following to District and LLEB that Owner: (i) is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations); (ii) is not a disregarded entity as defined in Section 1.1445-2(b)(2)(iii); (iii) is not a non-resident alien (as such term is defined in the Internal Revenue Code and Income Tax Regulations) for the purposes of U.S. income taxation; (iv) has an EIN/Federal Tax Identification Number of 47-2883259; (v) has a mailing address of 4901 Vineland Road, Suite 450, Orlando, Florida 32811. Affiant understands that this certification may be disclosed to the Internal Revenue Service by Owner and that any false statement contained herein could be punished by fine, imprisonment, or both. Affiant understands that the District and LLEB are relying on this certification in determining whether withholding is required upon said transfer.

That Affiant is familiar with the nature of an oath and with the penalties as provided by the laws of the State of Florida for falsely swearing to statements made in an instrument of this nature. Affiant further certifies that he has read the full facts set forth in this Affidavit and understands its content and context to be correct in all respects.

[SIGNATURES ON FOLLOWING PAGE]
FURTHER AFFIANT SAYETH NAUGHT. DATED: 	 , 2022
Signed, sealed and delivered in our presence:

(Signature) (Print Name)
(Signature) (Print Name)	BEACHLINE SOUTH RESIDENTIAL,
                 	LLC, a Florida limited liability company

By:	 Print: David Baselice
Title: Vice President	

STATE OF FLORIDA COUNTY OF ORANGE
The foregoing instrument was acknowledged before me by means of [ ] physical presence or [ ] online notarization, this    day of July, 2022, by David Baselice, as Vice President of BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company, on behalf of the limited liability company. Said person is [  ] personally known to me or [  ] has produced
	 as identification.

Notary Public; State of Florida
(SEAL)	Print Name: 		 Comm. Exp.: 	; Comm. No.: 		
EXHIBIT “A”

DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS

PROPERTY

Tract EE, according to the STARWOOD PHASE N-1 C plat, as recorded in Plat Book 108, Page 25, Public Records of Orange County, Florida.

IMPROVEMENTS

Lift station tract improvement include all pipes, valves, fittings, wet well, pumps, electrical panels, fencing and other equipment.
CERTIFICATE OF DISTRICT ENGINEER
Dowden West Community Development District – Lift Station (Starwood Phase N-1 C Plat)

I, Peter Armans, of Dewberry Engineers Inc., a New York corporation, and licensed to provide professional engineering services to the public in the State of Florida under Florida Certificate of Authorization No. 8794, with offices located at 800 N. Magnolia Ave., Suite 1000, Orlando, Florida 32803 (“Dewberry”), hereby acknowledge and states the following, to the best of my knowledge, information and belief, to be true and correct in all respects:

That I, through Dewberry, currently serve as District Engineer to the Dowden West Community Development District (the “District”).

That the District proposes to accept from BEACHLINE SOUTH RESIDENTIAL, LLC, a Florida limited liability company (“Developer”), for ownership, operation and maintenance, certain real property described in Exhibit “A” attached hereto and incorporated herein (collectively, the “Property”), plus infrastructure improvements and personal property, made in, on, over, under and through the Property and the land owned by the District, as described more completely in Exhibit “A” attached hereto and incorporated herein (collectively, the “Improvements”), and subsequently convey such real property and improvements to the Orange County, a charter county and political subdivision of the State of Florida, whose address is P.O. Box 1393, Orlando, Florida 32802-1393 (“Orange County”). Any real property being conveyed to the District is being transferred at only nominal cost to the District, so no review of an appraisal or similar documentation to reasonableness of purchase price or other valuation is required or being rendered.

That this certification (the “Certification”) is provided in conjunction with, and in support of, the District’s approval of the conveyance of the Property and Improvements from the Developer to the District and the District’s subsequent conveyance of the Property and Improvements to Orange County. The District will rely on this Certification for such purposes.

That the Improvements were constructed, installed, and/or completed, as appropriate, in accordance with known plans, specifications, contracts and permits required and/or approved by any known governmental authorities, as applicable. I have reviewed the actual cost of the Improvements built or constructed by or at the direction of the Developer and the District is paying no more than the actual cost incurred, or the current value thereof, whichever is less. The Property and Improvements are in a condition acceptable for acceptance by the District.

That the Improvements are properly permitted by the appropriate governmental entities, and that copies of the applicable plans, specifications and permits relating to the Improvements, if any, that have actually been provided to Dewberry are being held by Dewberry as records of the District on its behalf.

That the actual cost of the Improvements built or constructed by or at the direction of the Developer, and the District shall pay no more than the actual cost incurred, or the current value thereof, whichever is less, as determined by the District Engineer.
SIGNATURE PAGE TO CERTIFICATE OF DISTRICT ENGINEER
Dowden West Community Development District – Lift Station (Starwood Phase N-1 C Plat)

DATED: 	, 2022

Witness: 			
Print: 	

Witness: 	 Print:

Peter Armans
State of Florida License No.: 87064 on behalf of the company, Dewberry Engineers Inc.

STATE OF FLORIDA COUNTY OF ORANGE

The foregoing instrument was acknowledged before me by means of [	] physical
presence or [	] online notarization, this	day of July, 2022 by PETER ARMANS of

Dewberry Engineers Inc., a New York corporation, on behalf of said corporation. Said person is
[  ] personally known to me or [  ] has produced a valid driver’s license as identification.

Notary Public; State of Florida

(SEAL)	Print Name: 	 Comm. Exp.: 	 Comm. No.: 	 
EXHIBIT “A”

DESCRIPTION OF THE PROPERTY AND IMPROVEMENTS PROPERTY
Tract EE, according to the STARWOOD PHASE N-1 C plat, as recorded in Plat Book 108, Page 25, Public Records of Orange County, Florida.

IMPROVEMENTS

Lift station tract improvement include all pipes, valves, fittings, wet well, pumps, electrical panels, fencing and other equipment.

Section VIII

S,ECTION C

SECTION 1
Dowden West
Community Development District
summary of Checks
June 9, 2022 to July 12, 2022

	Bank	Date	Check No.'s		Amount		

General Fund		
6/10/22	
215 - 216	
$		
15,101.19	
		6/15/22	217	$		4,678.03	
		6/22/22	218- 220	$		2,520.75	
		7/6/22	221- 222	$		15,101.20	
				$		37,401.17	
$	37,401.17]						
DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS	AMOUNT	#
6/10/22 00018

6/10/22 00014

6/15/22 00001

6/22/22 00006

6/22/22 00002

6/22/22 00004

7/06/22 00018

7/06/22 00014
5/27/22 14446	202205 320-53800-47000
LAKE MAINTENANCE - MAY 22
-	-	- - -	AQUATIC WEED MANAGEMENT, INC.
6/01/22 ON 37696 202206 320-53800-46000 LANDSCAPE MAINT - JUN 22
-	YELLOWSTONE LANDSCAPE
6/01/22 85	202206 310-51300-34000
MANAGEMENT FEES - JUN 22 6/01/2285	202206 310-51300-35200
WEBSITE MANAGEMENT-JUN 22
6/01/2285	202206 310-51300-35100
INFORMATION TECH - JUN 22 6/01/2285	202206 310-51300-31300
DISSEMINATION SVCS-JUN 22
6/01/2285	202206 310-51300-51000
OFFICE SUPPLIES
6/01/2285	202206 310-51300-42000
POSTAGE
6/01/2285	202206 310-51300-42500
COPIES
6/01/2286	202206 320-53800-12000
FIELD MANAGEMENT - JUN 22
-	-	-	GOVERNMENTAL MANAGEMENT SERVICES- 6/15/22 2133839 202205 310-51300-31100
ENGINEER SERVICES-MAY 22
6/15/22 2133840 202205 310-51300-31100
STORMWATER NEEDS ANALYSIS
-	-		DEWBERRY ENGINEERS, INC. 6/14/22 104102		202205 310-51300-31500
LEGAL SERVICES - MAY 22
LATHAM, LUNA, EDEN& BEAUDINE, LLP
5/31/22 05484021 202205 310-51300-48000
RQST.FOR PROPOSAL-5/09/22
ORLANDO SENTINEL
6/29/22 14570	202206 320-53800-47000
LAKE MAINTENANCE - JUN 22
-	- -	- -	AQUATIC WEED MANAGEMENT, INC.
7/01/22 ON 39336 202207 320-53800-46000 LANDSCAPE MAINT - JUL 22
*	600.00
- - - - - - - - - - - -6-00-.0-0 000215
*
- - - - - - - - - - 1-4-,5-01.- 1-9 000216
*
*	50.00
*	75.00
*	291.67
*	.12
*	2.12
*	4.95
*	1,250.00
- - - - - - - -	4-,6-78-.03- 000217
*
*	437.50
- - - - - - - - - - -1-,4-82-.5-0 000218
*
- - - - - - - - - - - -7-59-.5-0 000219
*
- - - - - - - - - - - -2-78-.7-5 000220
*
- - - - - - - - - - - -6-00-.0-0 000221
*
YELLOWSTONE LANDSCAPE	14,501.20 000222

DOWD DOWDEN WEST
TOTAL FOR BANK A MBYINGTON
37,401.17
DATE	DATE	INVOICE	YRMO DPT ACCT# SUB SUBCLASS	AMOUNT	#

TOTAL FOR REGISTER	37,401.17

DOWD DOWDEN WEST	MBYINGTON

SECTION 2

Dowden West
Community Development District

Unaudited Financial Reporting
May31,2022

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2018	

5	
	Capital Projects Fund Series 2018	

6-7	
	Month to Month	

8	
	Long Term Debt Report	

9	
	Series 2018 Construction Schedule	

10	
	Assessment Receipt Schedule	
Combined Balance Sheet May 31, 2022

Assets:									
Cash:									
Operating Account	$	92,477	$	-	$	-	$	92,477	
Investments:									

Series 2018		
Reserve	$	-	$	209,945	$	-	$	209,945	
Revenue	$	-	$	163,354	$	-	$	163,354	
Construction	$	-	$	-	$	10,246	$	10,246	
Prepaid Expenses	$	1,010	$	-	$	-	$	1,010	

Total Assets	$	93,488	$	373,299	$	10,246	$	477,032	

Liabilities:
Accounts Payable	$	3,121	

$	

-	$	

-	$	3,121						
Total Liabilites	$	3,121	$	-	$	-	$	3,121						

Fund Balance:
Nonspendable:
Deposits and Prepaid Items	$	1,010	

$	

-	$	

-	$	1,010						
Restricted for:
Debt Service 2018	
$	
-	$	373,299	$	-	
$	373,299						
Capital Projects - Series 2018	$	-	$	-	$	10,246	$	10,246						
Unassigned	$	89,357	$	-	$	-	$	89,357					
Total Fund Balances	$	90,367	$	373,299	$	10,246	$	473,911					
									
Total Liabilities & Fund Balance	$	93,488	$	373,299	$	10,246	$	477,032					

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/22	Thru 05/31/22	Variance	

Revenues:					
Assessments - Tax Roll	$	134,546	$	134,546	$	152,587	$	18,041	
Assessments - Direct	$	96,631	$	96,631	$	119,994	$	23,362	
Developer Contributions	$	273,919	$	-	$	-	$	-

Total Revenues	$	505,096	$	231,178	$	272,581	$	41,403	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	4,800	$	3,200	$	200	$	3,000	
FICA Expense	$	367	$	245	$	15	$	229	
Engineering	$	12,000	$	8,000	$	6,140	$	1,860	
Attorney	$	25,000	$	16,667	$	5,371	$	11,296	
Arbitrage	$	900	$	450	$	450	$	-	
Dissemination Fees	$	7,000	$	2,333	$	2,333	$	-	
Annual Audit	$	5,000	$	-	$	-	$	-	
Trustee Fees	$	7,000	$	4,041	$	4,041	$	-	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Management Fees	$	36,050	$	24,033	$	24,033	$	(0)	
Information Technology	$	900	$	600	$	600	$	-	
Website Maintenance	$	600	$	600	$	2,150	$	(1,550)	
Telephone	$	300	$	200	$	-	$	200	
Postage	$	1,000	$	667	$	74	$	593	
Printing & Binding	$	1,000	$	667	$	67	$	600	
Insurance	$	5,919	$	5,919	$	5,570	$	349	
Legal Advertising	$	5,000	$	3,333	$	1,056	$	2,277	
Other Current Charges	$	2,000	$	1,333	$	324	$	1,010	
Office Supplies	$	500	$	333	$	2	$	332	
Property Appraiser	$	250	$	250	$	79	$	171	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	120,761	$	78,046	$	57,679	$	20,367	

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/22	Thru 05/31/22	Variance	

Operations & Maintenance					
Contract Services
Field Management	
$	15,000	
$	10,000	
$	10,000	
$	-	
Landscape Maintenance	$	247,835	$	165,223	$	116,010	$	49,214	
Lake Maintenance	$	8,000	$	5,333	$	4,800	$	533	
Mitigation Monitoring	$	10,000	$	6,667	$	-	$	6,667	
Repairs & Maintenance
General Repairs & Maintenance	

$	2,000	

$	1,333	

$	-	

$	1,333	
Operating Supplies	$	500	$	333	$	-	$	333	
Landscape Replacement	$	5,000	$	3,333	$	205	$	3,128	
Irrigation Repairs	$	3,000	$	3,000	$	2,890	$	110	
Alleyway Maintenance	$	2,500	$	1,667	$	-	$	1,667	
Signage	$	3,500	$	2,333	$	325	$	2,008	
Utilities
Electric	

$	2,000	

$	1,333	

$	244	

$	1,090	
Water & Sewer	$	14,000	$	9,333	$	10,616	$	(1,283)	
Streetlights	$	63,000	$	42,000	$	34,641	$	7,359	
Other
Contingency	

$	5,000	

$	3,333	

$	739	

$	2,594	
Property Insurance	$	3,000	$	3,000	$	4,320	$	(1,320)	
Total Operations & Maintenance	$	384,335	$	258,223	$	184,790	$	73,433	
					
Total Expenditures	$	505,096	$	336,269	$	242,469	$	93,800	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	30,112		
					
Fund Balance - Beginning	$	-		$	60,255		
					
Fund Balance - Ending	$	-		$	90,367		
Debt Service Fund Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2022

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/22	Thru 05/31/22	Variance	

Revenues:					
Assessments - Tax Roll	$	213,474	$	213,474	$	242,086	$	28,612	
Assessments - Direct	$	206,416	$	206,416	$	173,422	$	(32,994)	
Interest	$	-	$	-	$	14	$	14	
Total Revenues	$	419,890	$	419,890	$	415,521	$	(4,369)	

Expenditures:					
Interest - 11/1	$	160,969	$	160,969	$	160,969	$	-	
Principal - 5/1	$	100,000	$	100,000	$	100,000	$	-	
Interest - 5/1	$	160,969	$	160,969	$	160,969	$	-	
Total Expenditures	$	421,938	$	421,938	$	421,938	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(2,048)		$	(6,416)		
					
Fund Balance - Beginning	$	168,427		$	379,715		
					
Fund Balance - Ending	$	166,379		$	373,299		
Capital Projects Fund Series 2018
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2022

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/22	Thru 05/31/22	Variance	

Revenues

Interest	

$	

-	$	

-	$	1	

$	1	
Total Revenues	$	-	$	-	$	1	$	1	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	45,240	

$	(45,240)	
Total Expenditures	$	-	$	-	$	45,240	$	(45,240)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(45,239)		
					
Fund Balance - Beginning	$	-	$	55,485		
					
Fund Balance - Ending	$	-	$	10,246		

Revenues:

Assessments - Tax Roll Assessments - Direct Developer Contributions

$	-  $
$	-  $
$	-  $

2,844  $
59,997  $
-  $

86,149  $
-  $
-  $

50,948  $
29,998  $
-  $

6,567  $
-  $
-  $

569  $
-  $
-  $

5,511  $	-  $
29,998  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $

152,587
119,994
-

Expenditures:										
General & Administrative:										
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	200	$	-	$	-  $	-  $	-  $	-  $	200	
FICA Expense	$	-	$	-	$	-	$	-	$	-	$	-	$	15	$	-	$	-  $	-  $	-  $	-  $	15	
Engineering	$	255	$	85	$	-	$	-	$	170	$	1,320	$	2,828	$	1,483	$	-  $	-  $	-  $	-  $	6,140	
Attorney	$	1,141	$	81	$	126	$	-	$	1,005	$	534	$	1,724	$	760	$	-  $	-  $	-  $	-  $	5,371	
Arbitrage	$	-	$	-	$	450	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	450	
Dissemination Fees	$	292	$	292	$	292	$	292	$	292	$	292	$	292	$	292	$	-  $	-  $	-  $	-  $	2,333	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Trustee Fees	$	1,010	$	-	$	-	$	3,030	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	4,041	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	5,000	
Management Fees	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	3,004	$	-  $	-  $	-  $	-  $	24,033	
Information Technology	$	75	$	75	$	75	$	75	$	75	$	75	$	75	$	75	$	-  $	-  $	-  $	-  $	600	
Website Maintenance	$	50	$	50	$	50	$	1,800	$	50	$	50	$	50	$	50	$	-  $	-  $	-  $	-  $	2,150	
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	
Postage	$	7	$	0	$	38	$	3	$	13	$	6	$	4	$	3	$	-  $	-  $	-  $	-  $	74	
Printing & Binding	$	20	$	22	$	3	$	-	$	-	$	18	$	-	$	4	$	-  $	-  $	-  $	-  $	67	
Insurance	$	5,570	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	5,570	
Legal Advertising	$	-	$	778	$	-	$	-	$	-	$	-	$	-	$	279	$	-  $	-  $	-  $	-  $	1,056	
Other Current Charges	$	38	$	36	$	48	$	41	$	54	$	31	$	38	$	39	$	-  $	-  $	-  $	-  $	324	
Office Supplies	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	2	
Property Appraiser	$	-	$	79	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	79	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$	16,636	$	4,501	$	4,087	$	8,245	$	4,662	$	5,330	$	8,230	$	5,988	$	-  $	-  $	-  $	-  $	57,679	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
Operations & Maintenance													
Contract Services
Field Management	
$	1,250	
$	1,250	
$	1,250	
$	1,250	
$	1,250	
$	1,250	
$	1,250	
$	1,250	
$	-  $	-  $	-  $	-  $	10,000				
Landscape Maintenance	$	14,501	$	14,501	$	14,501	$	14,501	$	14,501	$	14,501	$	14,501	$	14,501	$	-  $	-  $	-  $	-  $  116,010				
Lake Maintenance	$	600	$	600	$	600	$	600	$	600	$	600	$	600	$	600	$	-  $	-  $	-  $	-  $	4,800				
Mitigation Monitoring	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-				
Repairs & Maintenance
General Repairs & Maintenance	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	-				
Operating Supplies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-				
Landscape Replacement	$	-	$	-	$	-	$	-	$	-	$	205	$	-	$	-	$	-  $	-  $	-  $	-  $	205				
Irrigation Repairs	$	-	$	-	$	-	$	740	$	289	$	-	$	-	$	1,862	$	-  $	-  $	-  $	-  $	2,890				
Alleyway Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-				
Signage	$	-	$	-	$	-	$	-	$	-	$	325	$	-	$	-	$	-  $	-  $	-  $	-  $	325				
Utilities
Electric	

$	26	

$	33	

$	23	

$	30	

$	33	

$	33	

$	33	

$	33	

$	-  $	-  $	-  $	-  $	244				
Water & Sewer	$	-	$	1,400	$	2,682	$	1,389	$	-	$	2,640	$	1,246	$	1,259	$	-  $	-  $	-  $	-  $	10,616				
Streetlights	$	3,409	$	4,448	$	4,447	$	4,472	$	4,465	$	4,463	$	4,468	$	4,468	$	-  $	-  $	-  $	-  $	34,641				
Other
Contingency	

$	-	

$	139	

$	-	

$	600	

$	-	

$	-	

$	-	

$	-	

$	-  $	-  $	-  $	-  $	739				
Property Insurance	$	4,320	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	4,320				
Total Operations & Maintenance	$	24,106	$	22,372	$	23,503	$	23,582	$	21,138	$	24,018	$	22,099	$	23,973	$	-  $	-  $	-  $	-  $  184,790				
													
Total Expenditures	$	40,743	$	26,872	$	27,590	$	31,827	$	25,800	$	29,348	$	30,329	$	29,960	$	-  $	-  $	-  $	-  $  242,469				
													
Excess Revenues (Expenditures)	$	(40,743)	$	35,968	$	58,559	$	49,119	$	(19,233)	$	(28,779)	$	5,180	$	(29,960)	$	-  $	-  $	-  $	-  $	30,112				
Dowden West
Community Development District Long Term Debt Summary

SERIES 2018, SPECIAL ASSESSMENT REVENUE BONDS		
INTEREST RATES:	4.35%, 4.85%, 5.40%, 5.55%%	
MATURITY DATE:	5/1/2049	
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$209,945	
RESERVE FUND BALANCE	$209,945	
BONDS OUTSTANDING - 02/08/18	$6,170,000	
LESS: PRINCIPAL PAYMENT - 05/01/20	($90,000)	
LESS: PRINCIPAL PAYMENT - 05/01/21	($95,000)	
LESS: PRINCIPAL PAYMENT - 05/01/22	($100,000)	
CURRENT BONDS OUTSTANDING	$5,885,000	
Dowden West
Community Development District Special Assessment Revenue Bonds, Series 2018

Date	Requisition #	Contractor	Description	Requisition	
Fiscal Year 2021					
7/22/21	6	Mattamy Orlando, LLC	Reimbursement of Construction Costs	$646,268.00	
7/19/21	7	Dewberry Engineers, Inc.	Invoices: 1895912, 1906211 & 1937104 - Construction Engineering Services	$2,150.00	
TOTAL	$648,418.00				

Fiscal Year 2021					
10/1/20	Interest			$2.89	
11/1/20	Interest			$2.98	
12/1/20	Interest			$2.89	
1/1/21	Interest			$2.98	
2/1/21	Interest			$2.99	
3/1/21	Interest			$2.70	
4/1/21	Interest			$2.99	
5/1/21	Interest			$2.89	
6/1/21	Interest			$2.99	
7/1/21	Interest			$2.22	
8/1/21	Interest			$1.84	
9/1/21	Interest			$0.24	
		TOTAL		$30.60	
			
Project (Construction) Fund at 09/30/20	
$704,172.17	
			Interest Earned thru 09/30/21	$30.60	
			Requisitions Paid thru 09/30/21	($648,418.00)	
			Remaining Project (Construction) Fund		$55,784.77 	

Date	Requisition #	Contractor	Description	Requisition	
Fiscal Year 2022					
11/3/21	8	SOS Solar Inc d/b/a Viasol Lighting	Solar lighting deposit invoice #VL200287	$36,192.00	
1/4/22	9	Dewberry Engineers	Invoice: 1998444-A - Construction Engineering Services July 2021	$300.00	
5/26/22	10	SOS Solar Inc d/b/a Viasol Lighting	Solar lighting completion invoice #20-1133	$9,048.00	
TOTAL	$45,540.00				

Fiscal Year 2022					
10/1/21	Interest			$0.23	
11/1/21	Interest			$0.24	
12/1/21	Interest			$0.09	
1/1/22	Interest			$0.08	
2/1/22	Interest			$0.08	
3/1/22	Interest			$0.07	
4/1/22	Interest			$0.08	
5/1/22	Interest			$0.08	
		TOTAL		$0.95	
			
Project (Construction) Fund at 09/30/21	
$55,784.77	
			Interest Earned thru 05/31/22	$0.95	
			Requisitions Paid thru 05/31/22	($45,540.00)	
			Remaining Project (Construction) Fund		$10,245.72 	
Dowden West
Community Development District Assessment Receipt Schedule Fiscal Year 2022

ON ROLL ASSESSMENTS
Gross Assessments $ Net Assessments	$
165,265.45	$
155,349.52	$
262,200.00	$
246,468.00	$
427,465.45
401,817.52
38.66%	61.34%	100.00%

Date	
Distribution	
Gross Amount	
Commissions	Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	Series 2018 Debt Service	
Total		

11/15/21	
ACH	
$2,771.45	
$0.00	
($110.86)	
$0.00	
$2,660.59	
$1,028.63	
$1,631.96	
$2,660.59	
11/22/21	ACH	$4,890.81	$0.00	($195.63)	$0.00	$4,695.18	$1,815.24	$2,879.94	$4,695.18	
12/06/21	ACH	$8,477.39	$0.00	($339.10)	$0.00	$8,138.29	$3,146.40	$4,991.89	$8,138.29	
12/13/21	ACH	$31,627.21	$0.00	($1,265.09)	$0.00	$30,362.12	$11,738.51	$18,623.61	$30,362.12	
12/20/21	ACH	$192,001.84	$0.00	($7,680.45)	$4.62	$184,326.01	$71,263.59	$113,062.42	$184,326.01	
01/14/22	ACH	$137,268.60	$0.00	($5,490.93)	$0.00	$131,777.67	$50,947.50	$80,830.17	$131,777.67	
02/14/22	ACH	$5,956.59	$0.00	($238.27)	$0.00	$5,718.32	$2,210.80	$3,507.52	$5,718.32	
02/24/22	ACH	$11,737.92	$0.00	($469.50)	$0.00	$11,268.42	$4,356.56	$6,911.86	$11,268.42	
03/14/22	ACH	$1,717.88	($213.57)	($68.72)	$35.82	$1,471.41	$568.87	$902.54	$1,471.41	
04/15/22	ACH	$14,704.05	$0.00	($448.85)	$0.00	$14,255.20	$5,511.30	$8,743.90	$14,255.20	
	TOTAL	$	411,153.74	$	(213.57)  $	(16,307.40)	$	40.44	$	394,673.21	$	152,587.40	$	242,085.81	$	394,673.21	

DIRECT BILL ASSESSMENTS

Mattamy Homes - Beachline South Residential 2022-01			
$293,415.10	
$119,993.56	
$173,421.54		
Date
Received	Due
Date	Check
Number	
Net Assessed	Amount
Received	Operations &
Maintenance	Series 2018
Debt Service	
11/23/21	12/1/21	28419	$146,707.55	$146,707.55	$59,996.78	$86,710.77	
1/21/22	2/1/22	29541	$73,353.77	$73,353.77	$29,998.38	$43,355.39	
4/21/22	5/1/22	30769	$73,353.77	$73,353.77	$29,998.38	$43,355.39	
			$293,415.09	$293,415.09	$119,993.54	$173,421.55	

SECTION 3
NOTICE OF MEETING DATES DOWDEN WEST
COMMUNITY DEVELOPMENT DISTRICT
Fiscal Year 2023
The Board of Supervisors of the Dowden West Community Development District will hold their regularly scheduled public meetings for Fiscal Year 2023 at 9:00 am at the Offices of GMS-CF, LLC, 219 E. Livingston Street, Orlando, FL 32801, on the third Thursday of each month as follows:

October 20, 2022
November 17, 2022
December 15, 2022
January 19, 2023
February 16, 2023
March 16, 2023
April 20, 2023 MaylS,2023 June 15, 2023
July 20, 2023
August 17, 2023
September 21, 2023

The meetings are open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts. A copy of the agenda for a particular meeting may be obtained from the District Manager at 219 E. Livingston Street, Orlando, FL 32801.

A meeting may be continued to a date, time, and place as evidenced by motion of the majority of Board Members participating at that meeting. There may be occasions when one or more Supervisors will participate by telephone.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodation to participate in these meetings is asked to advise the District Office at (407) 841-5524 at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service (800) 955- 8770, who can aid you in contacting the District Office.

Each person who decides to appeal any action taken at these meetings is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

George S. Flint
Governmental Management Services - Central Florida, LLC District Manager