Dowden West Community Development District

Agenda October 16, 2025

Agenda

Dowden West
Community Development District

October 9, 2025 Board of Supervisors
Dowden West Community Dear Board Members:

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

The Board of Supervisors of the Dowden West Community Development District will meet Thursday, October 16, 2025 at 9:00 a.m. at GMS-CF, LLC, 219 E. Livingston Street, Orlando, FL 32801. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Acceptance of Resignation of Elizabeth Manchester in Seat #4
Appointment of Individuals to Fulfill Board Vacancies in Seats #2, #4 and #5
Administration of Oath of Office to Newly Appointed Board Members
Consideration of Resolution 2026-01 Electing Officers
Approval of Minutes of the August 21, 2025 Board of Supervisors Meeting
Consideration of Non-Ad Valorem Assessment Administration Agreement with Orange County Property Appraiser
Consideration of Series 2024 Requisition #3
Staff Reports
Attorney
Engineer
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Supervisor’s Requests
Other Business
Next Meeting Date – November 20, 2025
Adjournment

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

Sincerely,

Jason M. Showe District Manager

CC:	Jan Carpenter, District Counsel Rey Malave, District Engineer Darrin Mossing, GMS
Enclosures

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From: Jason Showe jshowe@gmscfl.com
Subject: Fwd: Resignation from Dowden West CDD
Date: September 8, 2025 at 11:55 AM
To: Syanne Hall shall@gmscfl.com

Begin forwarded message:

From: Elizabeth Manchester <emanchester@dowdenwestcdd.com>
Sent: Monday, September 8, 2025 10:27 AM
To: Jay Lazarovich <jlazarovich@lathamluna.com>
Subject: Resignation from Dowden West CDD
Good morning, Jay. I am resigning from the Dowden West CDD Board effective immediately. Can you let me know what additional steps I need to take to comply with all Florida statutes surrounding this action?
Thank you,

Elizabeth Manchester emanchester@dowdenwestcdd.com

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RESOLUTION 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

WHEREAS, the Dowden West Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District.

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

Section 1.	The following persons are elected to the offices shown:

Chairman	 		
Vice Chairman	 		
Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Assistant Secretary	 		
Treasurer	 		
Assistant Treasurer	 		
Assistant Treasurer	 		
Assistant Treasurer	 		

Section 2.	This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 16th day of October, 2025.

ATTEST:	DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

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MINUTES OF MEETING DOWDEN WEST
COMMUNITY DEVLOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Dowden West Community Development District was held Thursday, August 21, 2025 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	Chairman
Elizabeth Manchester	Vice Chairperson
Stephanie Coffin	Assistant Secretary
Neil Weiderhaft	Assistant Secretary Also present were:
Jason Showe	District Manager
Jay Lazarovich	District Counsel
Chace Arrington	District Engineer
Rey Malave	District Engineer
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individuals to Fill the Board Vacancy in Seats 2, 3, and 5

On MOTIONI by Mr. Bell seconded by Ms. Coffin with all in favor Neil Weiderhaft was appointed to fill the vacancy in seat 3.

1

August 21, 2025	Dowden West CDD

Administration of Oath of Office to Newly Appointed Board Members
Mr. Showe being a notary public of the State of Florida administered the oath of office to Mr. Weiderhaft.
*Mr. Malave joined the meeting at this time.
Mr. Lazarovich: I will get with you later today and give you the entire welcome packet.
Mr. Showe gave an overview of the compensation, form 1, ethics training, and conflict of interest.

Consideration of Resolution 2025-05 Electing Officers

On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor Resolution 2025-05 was approved retaining the same slate of officers and adding Mr. Weiderhaft as an assistant secretary.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the May 15, 2025
Meeting

On MOTION by Ms. Manchester seconded by Mr. Bell with all in favor the minutes of the May 15, 2025 meeting were approved as presented.

FIFTH ORDER OF BUSINESS	Public Hearing

On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the public hearing was opened.

Consideration of Resolution 2025-13 Adopting the Fiscal Year 2026 Budget and Relating to the Annual Appropriations
Mr. Showe: Resolution 2025-13 adopts the Fiscal Year 2026 budget and imposes the special assessments. There is no increase in assessments. There is a developer contribution to balance the budget.
There were no members of the public present to provide comments.

August 21, 2025	Dowden West CDD

On MOTION by Ms. Manchester seconded by Mr. Bell with all in favor Resolution 2025-13 Adopting the Fiscal Year 2026 Budget and Relating to the Annual Appropriations was approved.

Consideration of Resolution 2025-14 Imposing Special Assessments and Certifying an Assessment Roll
Mr. Showe: Attached to Resolution 2025-14 will be the adopted budget and the assessment roll, which will be transmitted to the tax collector.
There were no members of the public present.

On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor Resolution 2015-14 Imposing Special Assessments and Certifying an Assessment Roll was approved.

On MOTION by Mr. Bell seconded Ms. Manchester with all in favor the public hearing as closed.

SIXTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year 2024
Audit Report
Mr. Showe: In the report to management there were no prior year findings, no current year findings, it is a clean audit.

On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the fiscal year 2024 audit report was accepted.

SEVENTH ORDER OF BUSINES	District Goals and Objectives
Adoption of Fiscal Year 2026 Goals and Objectives
Presentation of Fiscal Year 2025 Goals and Objectives and Authorizing Chair to Execute
Mr. Showe: We presented the Fiscal Year 2026 goals and objectives, which mirror the fiscal year 2025 goals.

On MOTION by Ms. Manchester seconded by Mr. Bell with all in favor the Fiscal Year 2026 goals and objectives were approved and the Chairman was authorized to execute the 2025 goals and objectives.

August 21, 2025	Dowden West CDD

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Lazarovich: I was provided with a drainage easement agreement late last night that the board previously approved on October 19, 2023. It has been a lot of work to get to this point. There were a lot of comments and changes and this is subject to their board approval, however their staff has signed off on it. This is regarding two wetland tracts with a school in between so there is a drainage pipe connecting those. We worked a lot with the engineer on this issue too.

On MOTION by Ms. Manchester seconded by Mr. Bell with all in favor the drainage easement agreement with OCPS was approved.

Mr. Lazarovich: I believe we wrapped up all the conveyances and I believe we received all the recoded deeds.

Engineer
Mr. Malave: I wanted to note that based on the goals for this year we are doing the final engineering annual report. We have done most of the site work and we should have a letter to the district in the next few weeks.

Manager
Approval of Check Register

On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

Approval of Fiscal Year 2026 Meeting Schedule

On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the Fiscal Year 2026 Meeting Schedule was approved.

August 21, 2025	Dowden West CDD

Field Manger
Mr. Scheerer: In July we had some bad storms come through. We did extremely well on the extension on Dowden Road East. We only had a handful of trees that blew over and we had the landscaper re-stake those trees. Whoever did the install did a great job.
Pond maintenance is going well; the midge control program is doing well. I have not had any calls concerning complaints with respect to that.
We still have landscape damage from when they did the work for the school that is yet to be corrected by the contractor, but I met with Yellowstone and before school started, they came in and cleaned it all up for the parents and students. I drove it again this week and it looks really good. We do have some plants that need to be replaced, a couple medjool palms that need to be addressed by the contactor.
We also discovered during our drive through yesterday heading east on Dowden before you get to the stoplight at Founders there was a main line break in the median so we shut the water down immediately and crews should be onsite today or tomorrow to see what is going on.
The improvements are good by N-4 and N-5, the entry walls, hardscape and stuff. Once that is done as we prepare to do our landscape inspection and turnover process, we are going to need the SOBs for that. I created an insurance document and we will photo document everything and assign dollar amounts to it. This way once everything is done and accepted all those assets are covered.

NINTH ORDER OF BUSINESS	Supervisor’s Requests
There being no comments, the next item followed.

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

ELEVENTH ORDER OF BUSINESS	Next Meeting Date – September 18, 2025
Mr. Showe: The next meeting is scheduled for September 18, 2025 and we will coordinate if there is a need for thar.

August 21, 2025	Dowden West CDD

TWELFTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Bell seconded by Ms. Coffin with all in favor the meeting adjourned at 9:20 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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NON-AD VALOREM ASSESSMENT ADMINISTRATION AGREEMENT

An AGREEMENT made this 1st day of October 2025 between AMY MERCADO as Orange County Property Appraiser (Property Appraiser) and, Dowden West CDD (Taxing Authority), and is effective upon acceptance by both parties and through, September 30, 2026.

The Taxing Authority desires to use the services of the Property Appraiser to maintain non- ad valorem assessments on the tax roll and the Property Appraiser is prepared to do so, on behalf of the Taxing Authority. Each party represents that it has satisfied all conditions precedent to enter into this agreement.
The Property Appraiser agrees to perform the following service for the Taxing Authority:

Create a Non-Ad Valorem Assessment Roll for the Taxing Authority for the 2026 tax roll year using data provided annually to the Property Appraiser's Office by the Taxing Authority per attached Calendar for Implementation of Non- Ad Valorem Assessment Roll.
Provide the Taxing Authority with a data file in a compatible format on or before April 1, containing all parcels within the boundaries of the Taxing Authority to be used for the Taxing Authority’s planning purposes in establishing its non-ad valorem assessments.
Receive from the Taxing Authority its proposed or adopted non-ad valorem assessment levy for each type of property and apply that amount to each parcel of real property as stipulated by Taxing Authority.
Include the Taxing Authority’s non-ad valorem assessments on the Notice of Proposed Property Taxes and Proposed or Adopted Non-Ad Valorem Assessments mailed to all property owners in August of each year.
Receive from the Taxing Authority, corrections or changes to the roll and update the Non-Ad Valorem Assessment Roll for tax bills on or before September 15 of each year, the statutory deadline for certification of non-ad valorem assessments.
Deliver the Taxing Authority’s Non-Ad Valorem Assessment Roll to the Orange County Tax Collector's Office so that tax bills mailed on or about November 1 will include the Taxing Authority’s non-ad valorem assessment levies.

Taxing Authority agrees to perform the following acts in connection with this agreement:

Advise the property owners within the Taxing Authority in an appropriate and lawful manner of the Taxing Authority’s intention to utilize the Uniform non- ad valorem assessment method described in Sections 197.3631 through 197.3635, Florida Statutes, and any other applicable Florida statute, and carry out its responsibilities under said sections.
Timely provide the Property Appraiser with information required to prepare the Uniform Non-Ad Valorem Assessment Roll per the Calendar for Implementation of Non-Ad Valorem Assessment Roll.
Advise the property owners within the Taxing Authority as appropriate that the Property Appraiser's office is acting in a ministerial capacity for the Taxing Authority in connection with the non-ad valorem assessments.
Preparation and delivery of certificate of corrections directly to Tax Collector, with copy to Property Appraiser, for any corrections to a certified final tax roll.
The Taxing Authority shall use its best efforts in furnishing the Property Appraiser with up- to-date and accurate data concerning its boundaries, proposed assessments, and other information as requested from time to time by the Property Appraiser and necessary to facilitate his making the assessment in question. The Property Appraiser shall, using the information provided by the Taxing Authority, place the district’s non-ad valorem assessments, as made from time to time and certified to him, on properties within the district.
The Property Appraiser shall be compensated by the Taxing Authority for the administrative costs incurred in carrying out this Agreement. These costs include, but are not limited to labor, printing, forms, office supplies, computer equipment usage, postage, programming, or any other associated costs.
On 1st day of October of each applicable year, the administrative fee will be invoiced to the Taxing Authority equivalent to $0 per parcel assessed with a non-ad valorem tax. Parcel counts supporting the invoiced fee will be determined based upon the most current certified non-ad valorem assessment roll. Any new assessments added to the tax roll that were not previously certified and invoiced an administrative fee, will be separately invoiced on or around July 15 and prior to mailing of the Notice of Proposed Property Taxes in August.
The specific duties to be performed under this agreement and their respective timeframes are contained in the Calendar for Implementation of Non-Ad Valorem Assessment Roll, which is incorporated herein by reference.
This agreement constitutes the entire agreement between the parties and can only be modified in writing and signed by both parties.

All parts of this Agreement not held unenforceable for any reason shall be given full force and effect.
All communications required by this agreement shall be in writing and sent by first class mail, email, or facsimile to the other party.

Notices to the Taxing Authority shall be addressed to:

Dowden West CDD

Jason Showe
Governmental Management Services 219 E. Livingston Street
Orlando, FL 32801 jshowe@govmgtsvc.com
(407) 841-5524

Notices to the Property Appraiser shall be addressed to:

Carmen Crespo, Director, Accounting and Finance Orange County Property Appraiser
200 S. Orange Ave., Suite 1700
Orlando, FL 32801 ccrespo@ocpafl.org
(321) 379-4707

TERMINATION. This Agreement may be terminated by either party upon written notice. Property Appraiser will perform no further work after the written termination notice is received.
TERM. This Agreement shall continue until such time as either party terminates the Agreement pursuant to Paragraph 11, above.
GOVERNING LAW; VENUE. This Agreement shall be governed by the laws of the State of Florida. Any action to interpret or enforce any provision of this Agreement shall be brought in the State and Federal courts for Orange County, Florida.

ORANGE COUNTY PROPERTY APPRAISER

Signed 	
AMY MERCADO

Date		

DOWDEN WEST CDD

Name 	 Signed 	 Date 	

CALENDAR FOR IMPLEMENTATION OF NON-AD VALOREM ASSESSMENTS

On or about April 1st, Property Appraiser to provide the Taxing Authority with an electronic file that includes parcel ID and any other information applicable or requested. Taxing Authority may request this file at any time after January 1st, but must understand that many splits/ combos, annexations, etc., may not be reflected early in the tax year and subsequent files may be necessary. If any additional information is required at any time by Taxing Authority, it should be requested of the Property Appraiser by Taxing Authority, allowing for a reasonable turnaround time. The file shall be in an ascii file, text or excel file, unless another format is requested and agreed upon between parties.

June 1

Property Appraiser distributes Best Estimate of Taxable Value to all Taxing Authorities.

July 1

Property Appraiser certifies Preliminary tax roll to all taxing authorities.

Taxing Authority reviews all assessments and provides final approval for Notice of Proposed Property Taxes (TRIM)

July 15

Property Appraiser to invoice Administrative Fee for new parcels, if any, assessed and in excess of prior year certified non-ad valorem assessment roll parcel count.

August 4

The Taxing Authority adopts its proposed millage rate and submits to the Property Appraiser for TRIM.

August 24

Last day Property Appraiser can mail TRIM notices to all property owners on the tax roll.

September 3 – October 3

Taxing Authority holds initial and final public budget hearing.

September 15

Taxing Authority certifies final non-ad valorem assessment roll to Property Appraiser on or before September 15 with any changes, additions, or deletions to the non-ad valorem assessment roll since the TRIM notices.

October

Property Appraiser to mail Non-Ad Valorem Assessment Administration Agreement and invoice for non-ad valorem assessment processing for subsequent tax roll, based upon most recent certified non-ad valorem assessment roll parcel count.
Property Appraiser delivers the Taxing Authority non-ad valorem assessment roll to the Tax Collector for collection of taxes on November 1 tax bills.

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FORM OF REQUISITION
DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT SPECIAL ASSESSMENT BONDS, SERIES 2024

The undersigned, a Responsible Officer of Dowden West Community Development District (the "Issuer") hereby submits the following requisition for disbursement under and pursuant to the terms of the of the Master Trust Indenture from the Issuer to US Bank, as trustee (the "Trustee"), dated as of November 1, 2018, as supplemented by that certain Second Supplemental Trust Indenture dated as of March 1, 2024 (the "Indenture"), (all capitalized terms used herein shall have the meaning ascribed to such term in the Indenture):
Requisition Number: 3	Date: Sep 26, 2025.
Name of Payee:	DOWDEN WEST CDD.
Amont Payable:	$4,941.00
Purpose for which paid or incurred (refer also to specific contract if amount is due and payable pursuant to a contract involving progress payments):
LATHAM, LUNA, EDEN & BEAUDINE, LLP.
(Invoices: 134190, 136819, 137938, 140837 & 142533 - $4,941.00)
(paid from general fund)

Fund or Account from which disbursement to be made: Series 2024 Construction and Acquisition Account 224152005.
The undersigned hereby certifies that:

Obligations in the stated amount set forth above have been incurred by the District;
Each disbursement set forth above is a proper charge against the Acquisition and Construction Fund referenced in "E" above;
Each disbursement set forth above was incurred in connection with the acquisition and/or construction of the 2024 project;
Each disbursement represents a Cost of the 2024 Project which has not previously been paid; and
The costs set forth in the requisition are reasonable.

The undersigned hereby further certifies that there has not been filed with or served upon the Issuer notice of any lien, right to lien, or attachment upon, or claim affecting the right to receive payment of, any of the moneys payable to the Payee set forth above, which has not been released or will not be released simultaneously with the payment hereof.
The undersigned hereby further certifies that such requisition contains no item representing payment on account of any retained percentage which the Issuer is at the date of such certificate entitled to retain.
Attached hereto are originals of the invoice(s) from the vendor of the property acquired or the services rendered with respect to which disbursement is hereby requested.
DOWDEN WEST COMMUNITY DEVELOPMENT DISTRICT

By: 	
Responsible Officer

CONSULTING ENGINEER'S APPROVAL FOR NON-COST OF ISSUANCE REQUESTS ONLY

If this requisition is for a disbursement for other than Cost of Issuance., the undersigned Consulting Engineer hereby certifies that this disbursement is for a Cost of the Project and is consistent with: (i) the applicable acquisition or construction contract; (ii) the plans and specifications for the portion of the Project with respect to which such disbursement is being made and (iii) the report of the Consulting Engineer, as such report shall have been amended or modified on the date hereof.

By: 	
Consulting Engineer

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Dowden West
COMMUNITY DEVELOPMENT DISTRICT

Check Register Fiscal Year 2025

Date	Description	Amount	
			
	CHECKS		
Aug 2025	General Fund 48 - 52	
$17,150.53	
Sep 2025	General Fund 53 - 62	
$129,584.52	
	ACHs		
Aug 2025	Utilities Water - 80028	
$6,495.90	
	Electricity - 80029	$12,845.95	
Sep 2025	Utilities Water - 80030	
$594.36	
	Electricity - 80031	$12,859.74	
	TOTAL	$179,531.00	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/07/25	PAGE	1
*** CHECK DATES 08/01/2025 - 09/30/2025 ***	DOWDEN WEST - GENERAL FUND
BANK B DOWDEN WEST-GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
8/26/25 00027	8/15/25 1037970	202508 320-53800-46000	*	2,427.96
AUG 25 - MOSQUITO CONTROL
CLARKE ENVIRONMENTAL MOSQUITO MGMT	2,427.96 000048
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00006	8/22/25 22458635 202507 310-51300-31100	*	4,365.00
JUL 25 - GEN. ENGINEERING
DEWBERRY ENGINEERS, INC.	4,365.00 000049

8/26/25 00001	8/01/25	
	8/01/25	
	8/01/25	
	8/01/25	
	8/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
166	202508 320-53800-12000	*	1,460.83
AUG 25 - FIELD MANAGEMENT
167	202508 310-51300-34000	*	3,541.67
AUG 25 - MANAGEMENT FEES
167	202508 310-51300-35200	*	70.00
AUG 25 - WEBSITE ADMIN
167	202508 310-51300-35100	*	105.00
AUG 25 - INFORMATION TECH
167	202508 310-51300-31300	*	306.25
AUG 25 - DISSEMINATION
GOVERNMENTAL MANAGEMENT SERVICES-	5,483.75 000050
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00002	8/12/25 142995	202507 310-51300-31500	*	193.50
JUL 25 - GENERAL COUNSEL
8/12/25 142996	202507 310-51300-31500	*	1,544.00
JUL 25-CONS. S24 COUNSEL
LATHAM, LUNA, EDEN& BEAUDINE, LLP	1,737.50 000051
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/26/25 00014	7/02/25 947380	202507 320-53800-47300	*	493.50
IRRIG.REP-DOWDEN RD EXT.
8/15/25 975329	202508 320-53800-46100	*	2,142.83
HIGH SCHOOL ISLES CLN-UP
8/19/25 976469	202508 320-53800-46100	*	499.99
REPLANTED OAK TREES&STAKE
YELLOWSTONE LANDSCAPE-SOUTHEAST LLC	3,136.32 000052
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/25 00018	8/28/25 20214	202508 320-53800-47000	*	950.00
AUG 25 - LAKE MAINTENANCE
8/28/25 20216	202508 320-53800-46800	*	1,175.00
AUG 25 - POND MITIGATION
AQUATIC WEED MANAGEMENT, INC.	2,125.00 000053
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/25 00027	9/15/25 1038263	202509 320-53800-46700	*	2,427.96
SEP 25 - MOSQUITO CONTROL
CLARKE ENVIRONMENTAL MOSQUITO MGMT	2,427.96 000054
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/25 00009	9/19/25 TAX REC	202509 300-20700-10100	*	7,625.88 TAX RECEIPTS TSFR
DOWDEN WEST CDD/US BANK	7,625.88 000055
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
DOWD DOWDEN WEST	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/07/25	PAGE	2
*** CHECK DATES 08/01/2025 - 09/30/2025 ***	DOWDEN WEST - GENERAL FUND
BANK B DOWDEN WEST-GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

WEST CDD/US	BANK															3,009.47	000056	
- - - - - -	- - -	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
									*						1,460.83			

9/19/25 00099	9/19/25 TAX REC	202509 300-20700-10100	*	3,009.47 TAX RECEIPTS TSFR
DOWDEN

9/19/25 00001	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	
	9/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
168	202509 320-53800-12000
SEP 25 - FIELD MANAGEMENT
169	202509 310-51300-34000	*	3,541.67
SEP 25 - MANAGEMENT FEES
169	202509 310-51300-35200	*	70.00
SEP 25 - WEBSITE ADMIN
169	202509 310-51300-35100	*	105.00
SEP 25 - INFORMATION TECH
169	202509 310-51300-31300	*	306.25
SEP 25 - DISSEMINATION
169	202509 310-51300-51000	*	.12
SEP 25 - OFFICE SUPPLIES
169	202509 310-51300-42000	*	2.97
SEP 25 - POSTAGE
169	202509 310-51300-42500	*	12.00
SEP 25 - COPIES
GOVERNMENTAL MANAGEMENT SERVICES-	5,498.84 000057
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/25 00002	9/15/25 144932	202508 310-51300-31500	*	1,048.00
AUG 25 - GENERAL COUNSEL
9/15/25 144933	202508 310-51300-31500	*	26.00
AUG 25-CONS. S24 COUNSEL
LATHAM, LUNA, EDEN& BEAUDINE, LLP	1,074.00 000058
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/19/25 00014	9/01/25 981581	202509 320-53800-46000	*	51,394.69
SEP 25 - LANDSCAPE MAINT.
YELLOWSTONE LANDSCAPE-SOUTHEAST LLC	51,394.69 000059
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/25 00006	9/19/25 22462942 202508 310-51300-31100	*	2,832.60
AUG 25 - GEN. ENGINEERING
DEWBERRY ENGINEERS, INC.	2,832.60 000060
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/26/25 00003	9/17/25 29477	202509 300-15500-10000	*	13,596.00
FY26 INSURANCE POLICY
EGIS INSURANCE ADVISORS, LLC	13,596.00 000061
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/30/25 00026	9/12/25 AUG25	202508 320-53800-43200	*	5,800.08 AUG 25 - WATER & SEWER
9/30/25 SEP-FEB2 202509 300-15500-10000	*	34,200.00 PPM-SEP-FEB26 WATER&SEWER
ORANGE COUNTY UTILITIES	40,000.08 000062
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK B	146,735.05 DOWD DOWDEN WEST	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/07/25	PAGE	3
*** CHECK DATES 08/01/2025 - 09/30/2025 ***	DOWDEN WEST - GENERAL FUND
BANK B DOWDEN WEST-GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	146,735.05

DOWD DOWDEN WEST	SNEEROOA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN 10/07/25	PAGE	1
*** CHECK DATES 08/01/2025 - 09/30/2025 ***	DOWDEN WEST - GENERAL FUND

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
8/26/25 00026	7/23/25 JUN25	202506 320-53800-43200	*		773.67		
	JUN 25 - WATER & SEWER
8/15/25 JUL25	202507 320-53800-43200	*
ORANGE COUNTY UTILITIES		5,722.23	

6,495.90 080028	
- - - - - - - - 8/26/25 00013	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
8/04/25 JUL25	202507 320-53800-43000	*
8/04/25 JUL25	202507 320-53800-43100	*	- - - -	- - - - - -

12,735.34	- - - - - - - -	
	JUL 25 - STREETLIGHTS
ORLANDO UTILITIES COMM (AUTOPAY)			12,845.95 080029	
- - - - - - - - 9/30/25 00004	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/30/25 12314201 202508 310-51300-48000	*
TRIBUNE PUBLISHING COMPANY, LLC DBA	- - - -	- - - - - -	- - - - - - - -

594.36 080030	
- - - - - - - - 9/30/25 00013	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
9/02/25 AUG25	202508 320-53800-43000	*
9/02/25 AUG25	202508 320-53800-43100	*	- - - -	- - - - - -

12,748.90	- - - - - - - -	
	AUG 25 - STREETLIGHTS
ORLANDO UTILITIES COMM (AUTOPAY)			12,859.74 080031	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	- - - - - -	- - - - - - - -	
	TOTAL FOR BANK Z		32,795.95		
	TOTAL FOR REGISTER		32,795.95		

BANK Z DOWDEN WEST	AUTOPY

JUL 25 - WATER & SEWER

JUL 25 - ELECTRICITY

110.61

BOS BDGT NOTICE 08/21/25

594.36

AUG 25 - ELECTRICITY

110.84

DOWD DOWDEN WEST	SNEEROOA

!!"#$%& "

Dowden West	
Community Development District	

Unaudited Financial Reporting	
September 30, 2025	

Table of Contents

1

2-3

4

5

6

7

8-9

10

11

	Balance Sheet

	General Fund

	Debt Service Fund Series 2018

	Debt Service Fund Series 2024

	Capital Project Fund Series 2018

	Capital Project Fund Series 2024

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule

Dowden West	
Community Development District	
Combined Balance Sheet	
September 30, 2025	

General	Debt Service	Capital Project	Totals	
Fund	Fund	Fund	Governmental Funds	

Assets:	
Cash:	
Operating Account	

$	217,803	$

-	$	-	$

217,803

Due from Capital Project	4,941	-	-	4,941

Investments:	
Money Market - Surplus	
Series 2018	
Reserve	
Revenue	
Series 2024	
Reserve	
Revenue	
Construction	

205,984	-	-	205,984

-	
-	

209,945	
266,148	

-	
-	

209,945	
266,148	

-	
-	
-	

112,400	
106,016	
-	

-	
-	
4,921	

112,400	
106,016	
4,921	

Prepaid Expenses	48,806	-	-	48,806

Total Assets	$	477,535	$	694,508	$	4,921	$	1,176,964	
Liabilities:	
Accounts Payable	$	25,736	$	-		$	-	$	25,736	
Due to General Fund	-		-	4,941	4,941	

Total Liabilities	$	25,736	$	-	$	4,941	$	30,677

Fund Balance:	
Nonspendable:	
Prepaid Items	
Restricted for:	
Debt Service	
Unassigned	

$	48,806	$

-	$	-	$

48,806

-	694,508	-	694,508
402,992	-	-	402,992

Total Fund Balances

$	451,799

$

694,508

$

(20)

$

1,146,287

Total Liabilities & Fund Balance	$

477,535

$

694,508

$

4,921

$

1,176,964

Page 1

Dowden West	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$	817,967	
Special Assessments - Direct	152,311	
Developer Contributions	602,194	
Interest Income	-	

$	817,967	
152,311	
602,194	
-	

$	837,740	
152,311	
-	
6,079	

$	19,773	
-	
(602,194)	
6,079	

Total Revenues	$ 1,572,472	$ 1,572,472	$	996,130	$ (576,342)	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	2,400	$	2,400	$	200	$	2,200	
PR-FICA	184	184	15	168	
Engineering	15,000	15,000	29,437	(14,437)	
Attorney	25,000	25,000	8,646	16,354	
Arbitrage Rebate	900	900	450	450	
Dissemination Agent	3,675	3,675	3,675	-	
Annual Audit	5,000	5,000	3,700	1,300	
Trustee Fees	5,051	5,051	8,287	(3,236)	
Assessment Administration	5,250	5,250	5,250	-	
Management Fees	42,500	42,500	42,500	(0)	
Information Technology	1,260	1,260	1,260	-	
Website Maintenance	840	840	840	-	
Telephone	300	300	-	300	
Postage & Delivery	750	750	110	640	
Printing & Binding	750	750	35	716	
Insurance General Liability	6,817	6,817	6,631	186	
Legal Advertising	7,500	7,500	2,646	4,854	
Office Supplies	150	150	0	150	
Other Current Charges	2,000	2,000	1,305	695	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	125,501	$	125,501	$	115,162	$	10,340	

Page 2

Dowden West	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Operations & Maintenance

Contract Services		
Field Management	$	17,530	
Landscape Maintenance	799,258	
Lake Maintenance	47,000	
Mitigation Monitoring	10,000	
Pest Control	-	

$	17,530	
799,258	
47,000	
10,000	
-	

$	17,530	
494,756	
11,400	
4,700	
26,495	

$	0	
304,502	
35,600	
5,300	
(26,495)	

Repairs & Maintenance		
General Repairs & Maintenance	2,500	
Operating Supplies	500	
Landscape Replacement	20,000	
Irrigation Repairs	7,500	
Alleyway Maintenance	5,000	
Signage	3,500	

2,500	
500	
20,000	
7,500	
5,000	
3,500	

-	
-	
18,462	
4,079	
-	
-	

2,500	
500	
1,538	
3,422	
5,000	
3,500	

Utilities		
Electric	66,000	
Water & Sewer	104,280	
Streetlights	331,225	

66,000	
104,280	
331,225	

1,329	
65,853	
152,625	

64,671	
38,427	
178,600	

Other		
Contingency	25,000	
Property Insurance	7,677	

25,000	
7,677	

-	
6,997	

25,000	
680	

Total Operating & Maintenance	$ 1,446,971	$ 1,446,971	$	804,226	$	642,745	

Total Expenditures	$ 1,572,472	$ 1,572,472	$	919,387	$	653,085	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	76,743	$	76,743	

Net Change in Fund Balance	$	-	$	-	$	76,743	$	76,743	
	
Fund Balance - Beginning	$	-		$	375,056		
	
Fund Balance - Ending	$	-		$	451,799		

Page 3

Dowden West	
Community Development District	
Debt Service Fund Series 2018	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budge	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$	420,744	
Interest Income	-	

$	420,744	
-	

$	430,915	
19,114	

$	10,171	
19,114	

Total Revenues	$  420,744	$  420,744	$  450,028	$	29,284	
Expenditures:		
Interest - 11/1	$	154,073	$	154,073	$	154,073	$	-	
Interest - 5/1	154,073	154,073	154,073	-	
Principal - 5/1	110,000	110,000	110,000	-	
Special Call- 5/1	-	-	15,000	(15,000)	

Total Expenditures	$  418,145	$  418,145	$  433,145	$  (15,000)	

Excess (Deficiency) of Revenues over Expenditures	$	2,599	$	2,599	$	16,883	$	14,284	
Other Financing Sources/(Uses):

Transfer In/(Out)	$	-	

$	-	$

11,262

$	11,262

Total Other Financing Sources/(Uses)	$	-	$	-	$	11,262	$	11,262	
		
Net Change in Fund Balance	$	2,599	$	2,599	$	28,146	$	25,547	
		
Fund Balance - Beginning	$	228,256	$	447,947	
		
Fund Balance - Ending	$	230,855	$	476,093	

Page 4

Dowden West	
Community Development District	
Debt Service Fund Series 2024	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budge	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$	166,725	
Special Assessments - Direct	58,075	
Interest Income	-	

$	166,725	
58,075	
-	

$	170,055	
58,785	
9,061	

$	3,330	
710	
9,061	

Total Revenues	$  224,800	$  224,800	$  237,902	$	13,102	
Expenditures:		
Interest - 11/1	$	103,749	$	103,749	$	103,749	$	-	
Interest - 5/1	86,310	86,310	86,860	(550)	
Principal - 5/1	50,000	50,000	50,000	-	

Total Expenditures	$  240,059	$  240,059	$  240,609	$	(550)	

Excess (Deficiency) of Revenues over Expenditures	$	(15,259)	$	(15,259)	$	(2,708)	$	12,552	

Net Change in Fund Balance	$  (15,259)	$  (15,259)	$	(2,708)	$	12,552	
		
Fund Balance - Beginning	$	103,749	$	221,124	
		
Fund Balance - Ending	$	88,490	$	218,416	

Page 5

Dowden West	
Community Development District	
Capital Projects Fund Series 2018	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	
Revenues

Interest Income	$	-	

$	-	$

127	$

127

Total Revenues	$	-	$	-	$	127	$	127	

Expenditures:		
Capital Outlay	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	127	$	127	

Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	

$	-	$

(11,262)

$	(11,262)

Total Other Financing Sources (Uses)	$	-	$	-	$  (11,262)	$  (11,262)	

Net Change in Fund Balance	$	-	$	-	$  (11,135)	$  (11,135)	
					
Fund Balance - Beginning	$	-		$	11,135		
					
Fund Balance - Ending	$	-		$	-		

Page 6

Dowden West	
Community Development District	
Capital Projects Fund Series 2024	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	
Revenues

Interest Income	$	-	

$	-	$

91,886	$

91,886

Total Revenues	$	-	$	-	$	91,886	$	91,886	

Expenditures:		
Capital Outlay	$	-	$	-	$	2,995,678	$  (2,995,678)	
Total Expenditures	$	-	$	-	$  2,995,678	$ (2,995,678)	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$ (2,903,792)	$ (2,903,792)	

Net Change in Fund Balance	$	-	$	-	$ (2,903,792)	$ (2,903,792)	
				
Fund Balance - Beginning	$	-		$	2,903,772	
				
Fund Balance - Ending	$	-		$	(20)	

Page 7

Dowden West	
Community Development District	
Month to Month	

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

Revenues:														
Special Assessments - Tax Roll	$	-	$	27,853	$	40,754	$	11,397	$	501,373	$	221,403	$	8,426	$	4,524	$	7,185	$	2,184	$	10,721	$	1,921	$	837,740	
Special Assessments - Direct	76,156	-	-	38,078	-	-	38,078	-	-	-	-	-	152,311	
Developer Contributions	-	-	-	-	-	-	-	-	-	-	-	-	-	
Interest Income	-	-	-	-	-	-	-	-	994	2,253	1,583	1,249	6,079	

Total Revenues	$	76,156	$	27,853	$	40,754	$	49,475	$	501,373	$	221,403	$	46,504	$	4,524	$	8,179	$	4,437	$	12,304	$	3,170	$	996,130	

Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	200	$	-	$	-	$	-	$	-	$	200	
PR-FICA	-	-	-	-	-	-	-	15	-	-	-	-	15	
Engineering	130	1,844	1,440	800	1,040	320	1,400	5,990	5,775	4,365	2,833	3,500	29,437	
Attorney	338	52	52	504	1,034	26	1,266	1,011	52	1,738	1,074	1,500	8,646	
Arbitrage Rebate	-	-	-	450	-	-	-	-	-	-	-	-	450	
Dissemination Agent	306	306	306	306	306	306	306	306	306	306	306	306	3,675	
Annual Audit	-	-	-	-	-	-	-	3,700	-	-	-	-	3,700	
Trustee Fees	1,010	-	-	3,030	-	-	4,246	-	-	-	-	-	8,287	
Assessment Administration	5,250	-	-	-	-	-	-	-	-	-		-	5,250	
Management Fees	3,542	3,542	3,542	3,542	3,542	3,542	3,542	3,542	3,542	3,542	3,542	3,542	42,500	
Information Technology	105	105	105	105	105	105	105	105	105	105	105	105	1,260	
Website Maintenance	70	70	70	70	70	70	70	70	70	70	70	70	840	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	1	-	-	-	-	26	9	-	2	69	-	3	110	
Printing & Binding	-	-	-	-	6	17	-	-	-	-	-	12	35	
Insurance General Liability	6,631	-	-	-	-	-	-	-	-	-	-	-	6,631	
Legal Advertising	1,043	-	249	514	246	-	-	-	-	-	594	-	2,646	
Office Supplies	0	-	-	-	-	0	0	-	0	-	-	0	0	
Other Current Charges	48	41	40	47	47	67	349	47	143	116	184	176	1,305	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	18,650	$	5,960	$	5,805	$	9,368	$	6,395	$	4,478	$	11,293	$	14,986	$	9,995	$	10,310	$	8,708	$	9,214	$	115,162	

Page 8

Dowden West	
Community Development District	
Month to Month	

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

Operations & Maintenance

Contract Services														
Field Management	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	1,461	$	17,530	
Landscape Maintenance	26,679	26,679	26,679	26,679	28,279	51,395	51,395	51,395	51,395	51,395	51,395	51,395	494,756	
Lake Maintenance	950	950	950	950	950	950	950	950	950	950	950	950	11,400	
Mitigation Monitoring	-	-	-	-	-	-	-	-	1,175	1,175	1,175	1,175	4,700	
Pest Control	2,357	2,357	2,357	-	2,428	2,428	2,428	2,428	2,428	2,428	2,428	2,428	26,495	
Repairs & Maintenance														
General Repairs & Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Operating Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape Replacement	5,212	7,750	-	-	-	-	-	-	-	2,857	2,643	-	18,462	
Irrigation Repairs	1,073	-	382	-	483	-	437	-	697	1,007	-	-	4,079	
Alleyway Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Signage	-	-	-	-	-	-	-	-	-	-	-	-	-	
Utilities														
Electric	111	111	111	112	109	111	109	111	110	111	111	111	1,329	
Water & Sewer	6,676	4,397	4,881	4,407	3,789	4,343	4,592	4,737	10,759	5,722	5,800	5,750	65,853	
Streetlights	12,707	12,707	12,707	12,707	12,707	12,707	12,695	12,749	12,708	12,735	12,749	12,750	152,625	
Other														
Property Insurance	6,997	-	-	-	-	-	-	-	-	-	-	-	6,997	

Total Operations & Maintenance	$	64,222	$	56,412	$	49,527	$	46,315	$	50,206	$	73,394	$	74,067	$	73,831	$	81,683	$	79,840	$	78,711	$	76,019	$	804,226	

Total Expenditures	$	82,872	$	62,372	$	55,331	$	55,683	$	56,601	$	77,872	$	85,360	$	88,817	$	91,677	$	90,151	$	87,419	$	85,233	$	919,387	

Excess (Deficiency) of Revenues over Expen	$	(6,716)	$	(34,519)	$	(14,577)	$	(6,208)	$	444,772	$	143,531	$	(38,856)	$	(84,293)	$	(83,499)	$	(85,714)	$	(75,115)	$	(82,063)	$	76,743	

Net Change in Fund Balance	$	(6,716)	$	(34,519)	$	(14,577)	$	(6,208)	$	444,772	$	143,531	$	(38,856)	$	(84,293)	$	(83,499)	$	(85,714)	$	(75,115)	$	(82,063)	$	76,743	

Page 9

Dowden West	
Community Development District	
Long Term Debt Report	

	

	

Special Assessment Revenue Bonds	
Series 2018	

Interest Rate:	
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 - 02/02/2018		
	$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)	
Less: Principal Payment - 05/01/23	($100,000)	
Less: Principal Payment - 05/01/24	($105,000)	
Less: Principal Payment - 05/01/25	($110,000)	
Less: Special Call - 05/01/25	($15,000)	
Current Bonds Outstanding	$5,555,000	

Special Assessment Revenue Bonds	
Series 2024	

Reserve Fund Definition		
Lesser of:		
		(i) MADS		
		(ii) 125% of Annual DS		
		(iii) 10% of original proceeds		
Reserve Fund Requirement		$112,400		
Reserve Fund Balance		112,400		
Interest Rate:	$610,000.00	4.40%		
Maturity Date:		5/1/2034		
	$990,000.00	5.25%		
		5/1/2044		
	$1,710,000.00	5.55%		
		5/1/2054		
Bonds Outstanding - 03/31/2024			$3,310,000	
Less: Principal Payment - 05/01/2025			($50,000)	
Current Bonds Outstanding			$3,260,000	

Page 10

Dowden West
Community Development District

Gross Assessments	$	870,177	$	447,600	$	176,640	$	1,494,417	
Net Assessments	$	817,967	$	420,744	$	166,041	$	1,404,752	
	58.23%	29.95%	11.82%	100.00%	

Special Assessment Receipt Schedule Fiscal Year 2025

	ON ROLL ASSESSMENTS	

Date	
Gross Amount	
Commissions	Discount /
(Penalty)	
Interest	
Net Receipts	
O&M  Portion	Series 2018
Debt Service	Series 2024
Debt Service	
Total	

11/15/24	
$	6,554	
$	262	
$	-	
$	-	
$	6,291	
$	3,663	
$	1,884	
$	744	
$	6,291	
11/26/24	43,930	1,757	632	-	41,542	24,189	12,442	4,910	41,542	
12/06/24	34,467	1,379	-	-	33,088	19,267	9,910	3,911	33,088	
12/13/24	5,580	223	-	788	6,145	3,578	1,841	726	6,145	
12/20/24	32,038	1,282	-	-	30,757	17,909	9,212	3,635	30,757	
01/15/25	20,389	816	-	-	19,573	11,397	5,862	2,314	19,573	
02/14/25	896,906	35,863	-	-	861,043	501,373	257,895	101,775	861,043	
03/14/25	396,061	15,830	-	-	380,231	221,403	113,885	44,943	380,231	
04/15/25	15,048	578	-	-	14,470	8,426	4,334	1,710	14,470	
05/15/25	8,010	240	-	-	7,770	4,524	2,327	918	7,770	
06/12/25	-	-	-	2,161	2,161	1,258	647	255	2,161	
06/13/25	10,436	257	-	-	10,179	5,927	3,049	1,203	10,179	
07/13/25	3,641	(109)	-	-	3,750	2,184	1,123	443	3,750	
08/12/25	18,446	34	-	-	18,412	10,721	5,515	2,176	18,412	
09/12/25	-	-	-	299	299	174	90	35	299	
09/15/25	2,913	(87)	-	-	3,000	1,747	899	355	3,000	
TOTAL	$	1,494,417	$	58,324	$	632	$	3,248	$	1,438,709	$	837,739	$	430,915	$	170,055	$	1,438,709	

$

100%
-

Net Percent Collected Balance Remaining to Collect

Direct Assessment Schedule Fiscal Year 2025

Gross Assessments	$	162,033.41	$	-	$	62,508.58	$	224,541.99	
Net Assessments	$	152,311.41	$	-	$	58,758.07	$	211,069.47	

	DIRECT BILL	

Due Date	Net Amount
O&M Assessed	Net Amount 2024
Debt Assessed	O&M
Collected	2018 Debt
Collected	2024 Debt
Collected	Transfer to
Debt Service	

11/01/24	
$	76,156	
$	29,393	
$	76,156	
$	-	
$	29,393	
Chk# 419 - 10/21	
02/01/25	38,078	14,696	38,078	-	14,696	Chk# 464 - 03/28	
05/01/25	38,078	14,696	38,078	-	14,696	Chk # 12 - 04/21	
TOTAL	$	152,311	$	58,785	$	152,311	$	-	$	58,785		

-

$

-

$

-

$

Balance Due

Page 11