ARMSTRONG

Community Development District

OCTOBER 4, 2017

Armstrong

Community Development District

475 West Town Place, Suite 114

Phone: 904-940-5850 - Fax: 904-940-5899

September 27, 2017

Board of Supervisors

Armstrong Community

Development District

Dear Board Members:

The Board of Supervisors Meeting of the Armstrong Community Development District will be held Wednesday, October 4, 2017 at 3:30 p.m. at the Eagle Landing Sales Center, 3973 Eagle Landing Parkway, Orange Park, Florida, 32065. Following is the advance agenda for this meeting:

I.	Roll Call
II.	Public Comment

III. Approval of the Minutes of the September 6, 2017 Meeting and the September 21, 2017 Continued Meeting
IV.	StaffReports

A.	District Counsel
B.	District Engineer
C.	District Manager

D.	Tynes Boulevard Project Administrator

1.	Discussion of Final Schedule of Values Tynes Boulevard Phases 1B & 2 from Vallencourt

2.	Consideration of Proposal from England-Thims & Miller for Limited Development Inspection (CEI) Services for Tynes Boulevard Phases lB & 2

V.	Supervisor's Requests and Audience Comments

VI.	Financial Statements as of August 31, 2017

VII. Consideration of Funding Request No. 14 (General Fund) VIII. Consideration of Funding Request No. 9 (Construction Fund)

IX. Next Scheduled Meeting- 11/01/17 @3:30 p.m. at the Eagle Landing Sales Center X. Adjournment

Enclosed for your review and approval are a copy of the minutes from the September 6, 2017 meeting and the September 21, 2017 continued meeting.

Enclosed under the Tynes Boulevard Project Administrator report are the items as outlined above.

Enclosed are the financials, Funding Request No. 14 and Funding Request No 9.

The balance of the agenda is routine in nature and staff will give their reports at the meeting. In the meantime if you have any questions, please contact me.

Sincerely,

J~Pe-vry

James Perry
Manager

cc:	Katie Buchanan Katie Ibarra Gabriel McKee

2

AGENDA

	Armstrong	
	Community Development District	
	Agenda	
Wednesday	Eagle Landing Sales Center	
October 4, 2017	3973 Eagle Landing Parkway	
3:30 p.m.	Orange Park, Florida 32065	
	Call In# 1-719-457-0816 Code 792049	

I.	Roll Call

II.	Public Comment

III.	Approval of the Minutes of the September 6, 2017 Meeting and the September 21, 2017 Continued Meeting

IV.	Staff Reports

A.	District Counsel

B.	District Engineer

C.	District Manager

D.	Tynes Boulevard Project Administrator

	I. Discussion of Final Schedule of Values Tynes Boulevard Phases IB & 2 from Vallencourt

2.	Consideration of Proposal from England-Thims & Miller for Limited Development Inspection ( CEI) Services for Tynes Boulevard Phases

IB &2

V. Supervisor's Requests and Audience Comments VI. Financial Statements as of August 31, 2017

VII.	Consideration of Funding Request No. 14 (General Fund)

VIII.	Consideration of Funding Request No. 9 (Construction Fund)

IX. Next Scheduled Meeting - 11/01/17 @ 3:30 p.m. at the Eagle Landing Sales Center

X.	Adjournment

MINUTES

Minutes of Meeting

Armstrong Community Development District

The  regular  meeting  of  the  Board  of  Supervisors  of  the  Armstrong  Community

Development District was held Wednesday, September 6, 2017 at 3 :30 p.m. at the Eagle Landing

Sales Center, 3973 Eagle Landing Parkway, Orange Park, Florida.

Present and constituting a quorum were:

Roger Arrowsmith	Chairman

Marilyn Ayers	Vice Chairperson

Mike Taylor	Supervisor

Grady Miers	Supervisor (by telephone)

Also present were:

James Perry	District Manger

Katie Buchanan	District Counsel

Keith Hadden	District Engineer

Dean Vincent	Armstrong Ventures

FIRST ORDER OF BUSINESS	Roll Call

Mr. Perry called the meeting to order at 3:30 p.m. and called the roll.

SECOND ORDER OF BUSINESS	Public Comment

There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval  of the  Minutes  of the  August  2,

2017  Meeting  and  the  August  17,  2017

Continued Meeting

On MOTION by Ms. Ayers seconded by Mr. Taylor with all in favor the minutes of the August 2 and August 17, 2017 meetings were approved as presented.

FOURTH ORDER OF BUSINESS	Ratification   of   Reservation   and   Sales
Agreement

September 6, 2017	Armstrong CDD

Mr.  Perry  stated item four is ratification of reservation  and sales agreement and it is

included in your agenda package.  This is in regards to the agreement with Longleaf Mitigation

Development Company for mitigation credits.

Mr. Vincent stated this is for the permit impacts for Tynes Boulevard Phase 2.

On MOTION by Ms. Ayers seconded by Mr. Taylor with all in favor the reservation and sales agreement between Armstrong CDD and Longleaf Mitigation Development Company, LLC was ratified.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2017-14
Expressing Intent to  Operate and Maintain

Surface Water Management System

Mr. Perry stated item five is consideration of Resolution 2017-14 expressing the district's intent to operate and maintain the surface water management system.

Ms. Buchanan stated this is a required and a requested document by the water management district it indicates the board will operate and maintain the stormwater management system. I do think that we need to attach the correct permit as Exhibit A. I request that we authorize this resolution with the addition of the permit provided by the project administrator.

On MOTION by Ms. Ayers seconded by Mr. Taylor with all in favor Resolution 2017-14 was approved.

SIXTH ORDER OF BUSINESS	Consideration  of Agreement  for  Greyhawk

Phase 1 Sitework

Ms. Buchanan stated the form of the agreement was previously approved when it was included in the proposal package. What I do anticipate is that between this meeting and the next maybe we will finalize that agreement with the contractor and we will bring back the final form of the agreement for ratification. We will be moving forward between meetings with this.

Consideration of Funding Agreement

Mr. Perry stated there is an additional item, which is consideration of funding agreement in regards to Greyhawk and copies of that have been provided to you. This is in regards to infrastructure funding agreement. There are two of them but this is the first one.

2

September 6, 2017	Armstrong CDD

Ms. Buchanan stated the first one is the funding agreement. We anticipate closing on the bonds for the Grey hawk Phase I Area at the end of the month. This funding agreement would allow the developer to move forward with providing us funding so that we can get the contract off the ground. Generally as a rule we don't like to enter into contracts without having a committed funding source and since we don't have bond proceeds yet this is a stopgap measure to allow us to move forward with that contract. I don't know if it will be utilized or not it could be that we don't get the contract off the ground until about the time that the bonds are issued but just to give us the flexibility to move forward between meetings I request that we approve this. I will note that it is going to be in substantial fonn just to let Grey hawk's counsel review it and sign off on the final form.

On MOTION by Mr. Taylor seconded by Ms. Ayers with all in favor a funding agreement with -------------- to provide interim funding for the Greyhawk Phase 1 construction was approved in substantial form.

Cost Share Agreement between Armstrong CDD and Greyhawk Venture for Infrastructure Improvements

Ms. Buchanan stated when Greyhawk did the work they did include a scope that was for the entire project including the lot work that won't be funded out of bond proceeds. Rather than have two contractors onsite and rather than have two scopes of work it was more efficient to do the work together. This agreement provides a mechanism by which Greyhawk will fund the district for its share of the work. Attached as Exhibit A is a breakout prepared by the contractor that identifies the amount of funding, which will be paid by Greyhawk. The engineer has looked at that number and feels comfortable that is an accurate reflection of the lot costs.

Mr. Taylor stated the Phase 1 200 lots the cost associated with single-family lot development is approximately $204,000.

Mr. Miers stated okay.

Ms. Buchanan stated this again we are approving in substantial form to allow their counsel to review it but I wanted to make sure that we understand that the district will not be paying for private work; this will govern that process.

3

September 6, 2017	Armstrong CDD

On MOTION by Mr. Taylor seconded by Ms. Ayers with all in favor the cost share agreement between the district and Greyhawk Venture for infrastructure improvements was approved in substantial form.

SEVENTH ORDER OF BUSINESS	Consideration of Agreement for Construction

of Tynes Boulevard Extension Phase lA
This item taken later in the meeting.

EIGHTH ORDER OF BUSINESS	Consideration  of  Agreement  with  England
Thims & Miller for Professional Engineering

Continuing	Services    for	Construction
Engineering Inspection Services

Mr. Perry stated item eight is consideration of an agreement with England Thims & Miller for professional engineering continuing services for construction engineering inspection services. This has been worked on by counsel and reflects a number of changes that were incorporated into the document.

Ms. Buchanan stated we have approved this before in substantial form and it was included in the procurement that was authorized. This version has actually been reviewed by ETM and the project administrator and is in final form and ready for signature.

On MOTION by Ms. Ayers seconded by Mr. Arrowsmith with all in favor the agreement with England Thims & Miller for continuing CEI services for Tynes Boulevard was approved.

NINTH ORDER OF BUSINESS	Consideration	of	Resolution	2017-15
Designating Primary Administrative Office

Mr. Perry stated Resolution 2017-15 designates the primary administrative office of the district, which is the GMS offices in St. Augustine, Florida but it also establishes for proper venue this address being the Eagle Landing Sales Center.

Ms. Buchanan stated it gives us some extra benefits under Sunshine Law it gives us an extra five days to respond to public records requests before they can file a lawsuit.

On MOTION by Mr. Taylor seconded by Ms. Ayers with all in favor Resolution 2017-15 was approved.

4

September 6, 201 7	Armstrong CDD

TENTH ORDER OF BUSINESS	Consideration  of Audit  Engagement  Letter

with Grau & Associates for Fiscal Year 2017

and Fiscal Year 2018

Mr. Perry stated item ten is consideration of the audit engagement letter with Grau & Associates for this fiscal year and future fiscal years. This is a standard form engagement letter. We went through the process of selecting the firm, the fees are consistent with what they provided before and we ask for a motion to approve.

On MOTION by Ms. Ayers seconded by Mr. Taylor with all in favor the engagement letter with Grau & Associates to perform the fiscal year 20 I 7 and 2018 audits was approved.

ELEVENTH ORDER OF BUSINESS	Staff Reports

A.	District Counsel

Ms. Buchanan stated I want to confirm, do we need to do anything with regard to CEI for Greyhawk Phase 1.

Mr. Taylor stated we have a proposal from England Thims & Miller and I need to execute that.

Ms. Buchanan asked are you going to fund it privately? If it comes to the district and is over $35,000 I think we need to do an RFQ if it is funding by the developer you can do it however you like.

Mr. Taylor stated it is funding by the developer.

Ms. Buchanan stated the other thing to bring everyone up to speed would be the bond process. At this point we are looking at continuing today's meeting to two weeks from now to then have a continued meeting where we consider the supplemental assessment methodology with final bond numbers and supplemental assessment resolution, which sets the final assessment amounts. As you recall we set a very high master rate and we are bringing it down. Today I would like us to pick a date for that and we can talk about the process but ultimately we will do the pre-closing on the 21 st and probably a closing on the 28th or 29th with funding immediately thereafter. That is our goal and our plan. The one request that might make things easier is that initially Resolution 2017-10 delegated the authority to the chairman and vice chairman to execute docun1ents in connection with the bonds. Given that it is a Greenpointe project it might

5

September 6, 2017	Armstrong CDD

be more efficient to amend that resolution to also include assistant secretary so that Mike can

execute these documents on behalf of the district for this limited bond issuance.

On MOTION by Mr. Taylor seconded by Ms. Ayers with all in favor Resolution 2017-10 was amended to include assistant secretaries as additional signatories for documents related to the bond issuance.

B.	District Engineer

Mr. Hadden asked did we skip over item seven?

Mr. Perry stated yes, let's revisit that item.

SEVENTH ORDER OF BUSINESS	Consideration of Agreement for Construction

of Tynes Boulevard Extension Phase lA

Mr. Perry stated this is consideration of agreement for construction of Tynes Boulevard

Extension Phase 1A.

Mr. Vincent stated after the rankings the initial bid from Vallencourt was $3,488,896.87 after we sat down and went through modifications to the plans and quantities and value engineering the final number in that contract went down $38,000. We feel very good that everything is covered there will be almost no change orders on the project. Preconstruction meeting is tomorrow morning. The final completion of the project is July 31, 2018.

On MOTION by Ms. Ayers seconded by Mr. Taylor with all in favor the agreement for construction of Tynes Boulevard Extension Phase IA was awarded to Vallencourt Construction in the amount of $3,-----------------.

Engineer's Report -  Continued

Mr. Hadden stated I got a phone call yesterday from Clay County Utility Authority. The developer agreement is done and you have two choices. They have it set now to whatever the money they quoted you that gets reimbursed at some point they are changing their developer agreements to where that money is not owed until the house is occupied so that the developer doesn't pay it, the builder pays it at C.O. but it goes up $1,000 per lot. They called to ask me if

6

September 6, 2017	Armstrong CDD	
they  should proceed with it the way they have it right now or defer it	but it would go up	

$200,000.  I said we had a meeting today and I would ask you.

Mr. Taylor stated I'm going to need to table that and evaluate it. Ms. Buchanan asked when do they need it?

Mr. Taylor asked when was this policy adopted?

Mr. Hadden responded very recently and apparently you are in a gray area where you can go either way because we had already made application. It may not be the policy today and maybe they are saying if he wants to hang for a while it is going to be our policy but it is going to cost more money. Most developers would say I will kick that can down the road and let the home occupier pay for it but you are in a situation because it is coming out of bond proceeds.

Ms. Buchanan stated the one thing that I don't know how this works is if you paid it in advance is it the same as getting it back because it is not like we would be acquiring anything to be refunded back. It would be clear you could cut a check and fund it on the 29th but if you wanted to go another way that may not work out.

Mr. Taylor stated whichever way it goes it will be after we get proceeds. We are not through the contract phase yet, we probably won't start until October. I won't have my plans until the end of September. I want to get the agreement reviewed internally, discuss it with my folks and then get it executed and ready for end of September.

Ms. Buchanan asked can you find out if there is a deadline? That will matter because you don't want to lose your opportunity.

Mr. Hadden responded yes.

C.	District Manager - Discussion of Meeting Schedule for Fiscal Year 2018

Mr. Perry stated we have proposed meeting dates for next fiscal year, pretty consistent with what we have done recently. We don't have to have a meeting if there is no business to come before the board and we can call special meetings at any time but we do ask for approval of the annual schedule that we will advertise then evaluate on a monthly basis whether we need to meet or not.

On MOTION by Mr. Taylor seconded by Ms. Ayers with all in favor the fiscal year 2018 meeting notice reflecting meetings on the first Wednesday of the month was approved.

7

September 6, 2017	Armstrong CDD

D.	Tynes Boulevard Project Administrator

Mr. Vincent stated I'm handing off to district counsel the performance and payment bonds from Vallencourt. I also provided to district counsel the second draft of the developer agreement with CCUA. We still have some changes to be made so we will probably bring that

to the October meeting.

Fran Moss, assistant county attorney, expressed to me at the time we provided the letter

of credit from Armstrong Venture to the county that since the county was holding the letter of credit but the CDD was administering the contract what form of guarantee would there be between Armstrong Venture and the district. It is a legitimate question but something that is going to take some exploring to do. In theory the exposure is not until 1B2 are well under contract.

Ms. Buchanan stated I don't think it is going to be terribly complicated we just need to

make sure we get the points correct.

Mr. Vincent stated I want to let everybody know that will be in the works. The district engineer and I met with ETM today because of the board had given us permission to meet with them to start negotiations on 1B2 proposal. We reviewed the draft and have some changes that will result in some dollar savings. They will be providing that within the next two weeks similarly we met with V allencourt after the 72 hours passed and there was no challenge to the

rankings. We are meeting with them again tomorrow to try to get clarification on the schedule of values and final pricing for 1B2. I'm not certain we will bring that back to the October meeting but certainly by the November meeting. We need to find out where the county is on their advance on funding before we go to contract.

TWELFTH ORDER OF BUSINESS Supervisor's Requests and Audience Comments

Mr. Taylor stated Phase 1 did not receive any objection. Where are you with the contract?

Ms. Buchanan stated I have it on my computer, there are a few open items l was hoping

the district engineer, you and I could go over after the meeting.

THIRTEENTH ORDER OF BUSINESS	Financial Statements as of July 31, 2017

8

September 6, 2017

A copy of the

Armstrong CDD

financial statements was included in the agenda package.

FOURTEENTH ORDER OF BUSINESS	Consideration

(General Fund)

of

Funding  Request  No.  13

							
		On MOTION by Ms.  Ayers seconded by  Mr.  Taylor with all in				
		favor funding request no. 13 from the general fund was approved.				
					8		
FIFTEENTH ORDER OF BUSINESS	Consideration  of  Funding  Request  No.			
			(Construction Fund)			
						
		On MOTION by Ms.  Ayers seconded by Mr.  Taylor with all  in				
		favor funding request no.	8 from the construction fund for Tynes				
		Boulevard in the amount of $56,671.84 was approved.				
						
SIXTEENTH ORDER OF BUSINESS	Next Scheduled Meeting - To be Determined		
						
		On MOTION by Mr.  Taylor seconded by Ms.  Ayers with all in				
		favor the meeting was continued to Thursday, September 21, 2017				
		at 9:30 a.m. in the same location.				

Secretary/Assistant Secretary	Chairperson/Vice Chairperson	

9

Minutes of Meeting

Armstrong Community Development District

The continued September 6, 2017 meeting of the Board of Supervisors of the Armstrong

Community Development District was reconvened Thursday, September 21, 2017 at 9:30 a.m. at

the Eagle Landing Sales Center, 3973 Eagle Landing Parkway, Orange Park, Florida.

Present and constituting a quorum were:

Roger Arrowsmith	Chairman

Marilyn Ayers	Vice Chairperson

Mike Taylor	Supervisor

Grady Miers	Supervisor

Also present were:

James Perry	District Manger

Katie Buchanan	District Counsel

Peter Dame	Akerman Senterfitt

Stacy Johnson	USBank

FIRST ORDER OF BUSINESS	Roll Call

Mr. Perry called the meeting to order at 9:30 a.m.

SECOND ORDER OF BUSINESS	Public Comment

There being none, the next item followed.

THIRD ORDER OF BUSINESS Consideration of Matters Relating to Financing

A.	Consideration of Supplemental Engineer's Report

Mr. Perry stated the supplemental engineer's report was included in your package and is dated August 17, 2017.

Ms. Buchanan stated it is in substantially the same form that the board previously reviewed. The permit status section has been modified slightly to verify the status of the current permits. I just need a motion to accept the supplemental engineer's report.

September 21, 2017	Armstrong CDD

On MOTION by Mr. Miers seconded by Mr. Taylor with all in favor the supplemental engineer's report dated August 17, 2017 was accepted.

B.	Consideration of the Supplemental Special Assessment Methodology Report

Mr. Perry stated this is very similar to what you have seen before; the only change was an update to the legal description over the last few days there were some corrections to that.

On MOTION by Mr. Miers seconded by Mr. Taylor with all in favor the supplemental special assessment methodology report was accepted.

C.	Consideration of Resolution 2017-11 Setting Forth the Terms of the Series 2017A Bonds and Levying and Allocating Special Assessments Securing the
Series 2017 A Bonds

Ms. Buchanan stated the first Resolution goes to the A Bonds and the second resolution goes to the B Bonds. Essentially it identifies what we have done to date, which is entered into a bond purchase agreement and then it makes certain findings and approves the supplemental engineer's report and supplemental methodology report. It makes a further finding that the project will benefit all the developable acreage within Assessment Area 1 and finally it sets forth the terms of the 2017A Bonds. Exhibit D has the total bond component of the 2017A Bonds that is $4,035,000. Exhibit E identifies the sources and uses and you will see the original amount, minus the discount, there is a portion of it being used for capitalized interest and a portion set aside for cost of issuance. The balance that will be transferred to the construction fund is approximately $3.3 million. The A Bonds are 30 years and the amortization table is in the back.

Section 4 is the actual levy that adopts the assessments in relationship to the bonds. It also certifies the assessments and directs staff to take all actions necessary to meet time:frames imposed by the county once we go on the roll. Up until that time we intend to direct bill and collect the assessments.

Section 5 adopts the true-up payments. Section 6 directs district staff to create a lien book and Section 7 directs staff to record the notice of special assessments.

On MOTION by Mr. Miers seconded by Ms. Ayers with all in favor

Resolution 2017-11 was approved.

2

September 21, 2017	Armstrong COD

D.	Consideration of Resolution 2017-12  Setting Forth the Terms of the Series

2017B Bonds and Levying and Allocating Assessments Securing the Series 2017B Bonds

Ms. Buchanan stated Resolution 2017-12 is identical to the prior resolution with the exception that it incorporates the terms of the 2017B Bonds. We have similar findings adopting both reports. The B Bonds are $2,890,000, the capitalized interest is set aside and cost of issuance amounts, the construction fund from the B Bonds is approximately $2.38 million. You will note in Exhibit F that the term of these bonds runs through 2020, it is a shorter term. Section 4 levies the assessment, Section 5 adopts the true-up payment that is incorporated in the master resolution, Sections 6 and 7 directs staff to create a lien book as well as record the assessment notice.

On MOTION by Mr. Miers seconded by Ms. Ayers with all in favor

Resolution 2017-12 was approved.

E.	Consideration of Notice of Series 2017 Special Assessments

Ms. Buchanan stated the next item is the form of the notice of the 2017 special assessments. We have done one notice for both.

On MOTION by Mr. Taylor seconded by Ms. Ayers with all in favor the form of the notice was approved.

F.	Consideration of Resolution 2017-16

Mr. Perry stated we also have Resolution 2017-16 for Grady Miers' authority to sign the documents related to the bonds.

On MOTION by Mr. Taylor seconded by Ms. Ayers with all in favor Resolution 2017-16 was approved.

FOURTH ORDER OF BUSINESS	Staff Reports

A.	District Counsel

There being none, the next item followed.

3

September 21, 2017	Armstrong CD D

B.	District Engineer

There being none, the next item followed.

C.	District Manager

There being none, the next item followed.

D.	Tynes Boulevard Project Administrator

There being none, the next item followed.

FIFTH ORDER OF BUSINESS	Supervisor's	Requests	and	Audience

Comments

There being none, the next item followed.

SIXTH ORDER OF BUSINESS	Next  Scheduled  Meeting -  10/04/17 at  3:30
p.m. at the Eagle Landing Sales Center

Mr. Perry stated our next scheduled meeting is going to be October 4th at 3 :30 p.m. at this

location.

Mr. Arrowsmith stated I will not be here for that meeting.

On MOTION by Ms. Ayers seconded by Mr. Taylor with all in favor the meeting adjourned at 9:41 a.m.

Secretary/Assistant Secretary	ChairpersonNice Chairperson

4

FOURTH ORDER OF BUSINESS

D.

1.

Tynes Phase 1B

Tag2

Account Code	Description	

Pay

Quantity

Unit

of

Measure

Unit

Price

Tota l

Price

	Phase 1B	00100			General Conditions							1.00 Lump Sum	$10,929.00		$10,929.00			
																																	$10,929.00			
																													
	Phase 1B	00201			Payment & Performance Bonds				1.00 Lump Sum	$9,949.00		$9,949.00			
																																				
																																	$9,949.00			
	Phase 1B	00300			NPDES Permit Compliance				1.00 Lump Sum	$6,770.00		$6,770.00			
																																	
	Phase 1B	00303			Maintain Silt	Fence					5,000.00	Linear Feet	$0.99		$4,950.00			
																															
	Phase 1B	00304			NPDE5 Reporting					8 .00	Month	$856.00	$6,848.00			
																																	$18,568.00			
																															
	Phase 1B	00400			Surveying						1.00	Lump Sum	$12,037.00		$12,037.00			
																																	$12,037.00			
																												
	Phase 1B	00500			As Builts						1.00	Lump Sum	$12 ,037.00		$12,037.00			
																																	$12,037.00			
	Phase 1B	00601			Silt Fence Type Il l (Regular)		5,000.00	Linear Feet	$0.88		$4,400.00			
	Phase 1B	00608			Inlet Protection							8.00 Each	$165.80		$1,326.40			
																																	$5,726.40			
	Phase 1B	00901			Clear Right of Way, Easements,	Po nds			9.00 Acre	$4,070.16		$36,631.44			
																																	$36,631.44			
	Phase 1B		01001			Dewater for Pond					61,945.00 Cub ic Yard	$0.44		$27,255.80			
																	
	Phase lB		01002			Pond Excavation					61,945.00	Cub ic Yard	$2.14		$132, 562.30			
																																	$159,818.10			
	Phase 1B	01104			Strip Topsoil						3,359.00	Cubic Yard	$2.60		$8,733.40			
																																	$5,542.35			
	Phase 1B	01105			Bury in Pond						3,359.00	Cubic Yard	$1.65					
																								
	Phase 1B	01108			Site Cut						200.00	Cubic Yard	$2.71		$542.00			
																								
	Phase 1B	01109			Place & Com	pact Fill					19, 372.00 Cubic Yard	$1.29		$24,989.88			
	Phase 1B	01110			Sale of Excess Fi ll					42,989 .00	Cubic Yard	-$1.50		-$64,483.50			
	Phase 1B	01110			Earthwork Density Testing		1.00	Lump Sum	$7,185.00		$7,185.00			
	Phase lB	01112			Stockpile Fill						42, 773.00 Cubic Yard	$0.64		$27,374.72			
																	
	Phase 1B	01113			Remove Unsuitab les	in	Pipe Trench		974.00	Cubic Yard	$12 .51		$12,184.74			
	Phase 1B	01114			Replace Unsuitables	in	Pipe Trench	974.00	Cubic Yard	$6.77		$6,593 .98			
	Phase 1B	01118			Final Dressout					11,154.00 Square Yard	$0.54		$6,023.16			
	Phase 1B	01119			Dress Be hi nd Electri c Contractor	1.00	Lump Sum	$3,335.35		$3,335.35			
																																	$38,021 .08			
																																				
	Phase lB	01202			Site Seed and Mulch						4,700.00 Square Yard	$0.44		$2,068.00			
	Phase lB	01203			Pond Sod						6,223.00	Square Yard	$2.49		$15,495.27			
	Phase lB		01205			Right of Way Sod					600.00	Square Yard	$2.49		$1,494.00			
																																	$19,057.27			
	Phase 1B		01302			Subgrade fo r Sidewa lk				1,673.00	Square Yard	$2.67		$4,466.91			
																	
	Phase 1B		01304			Subsoil Stabilization					5,687.00	Square Yard	$5.04		$28,662.48			
																																	$33 ,129.39			
	Phase 1B		01403			8	11	Limerock						4,951.00	Square Yard	$13.07		$64,709.57			
																																	$64,709.57			
	Phase 1B		01506			2"	Asphalt Pavement				4,951.00	Square Yard	$11.15		$55, 203.65			
	Phase 1B		01517			Prime Limerock					4,951.00	Squa re Yard	$0.55		$2, 723 .05			
	Phase 18		01518			Tack Coat						4,951.00	Square Yard	$0.55		$2, 723.05			
																																	$60,649.75			
	Phase 18		01700			Striping & Signs							1.00 Lump Sum	$12,233.23		$12,233. 23			
																																	$12,233.23			
	Phase 18		01805			18" City Std . Curb &	Gutter		2,650.00	Linear Feet	$10.84		$28,726.00			
																																	$28,726.00			
	Phase 1B	02000			Sidewalks						15,058.00	Square Feet	$3.31		$49,841.98			
	Phase 1B	02005			A.DA Handicap Ramps			6.00	Each		$165.81		$994.86			
	Phase 1 B	02006			A.DA Mats						72.00	Square Feet	$28.74		$2,069 .28			
																																	$52,906 .12			
	Phase 1B	03003			Dewater Storm Drain				200.00	Linear Feet	$14.44		$2,888 .00			
																																	$12,505.02			
	Phase 1B	03025			Curb Inlet 0-4' Deep					6.00	Each	$2,084.17					
	Phase 1B	03026			Cu rb Inlet 4-6' Deep					2.00	Each	$2,560.10	$5,120.20			
	Phase 1B	03061			Storm Manhole 4-6' Deep				2.00 Each	$2,730.42		$5,460.84			
	Phase 1B	03062			Storm Manhole 6-8'	De.ep				1.00 Each	$4,566.95		$4,566.95			
	Phase 18	03075			Storm Top Adjustments					11.00 Eac h	$412.15		$4,533.65			
	Phase 1B	03076			Storm Inverts							11.00 Each	$477.79		$5,255.69			
	Phase 1B	03077			Underdrain Stubs from Inlets				400.00 Linear Feet	$22.25		$8,900.00			
																															$717.65		$2,152.95			
	Phase 1B	03085			18" Mitered	End Section				3.00 Each						
	Phase 1B	03191			18" RCP 0-6 '	Deep							915.00 Linear Feet	$44.99		$41,165.85			
	Phase 1B	03279			Punch Ou t Storm Drain						915.00 Linear Feet	$1.77		$1,619.55			
	Phase 1B	03280			TV/ Laser Profile Storm	Dra in				915.00 Linear Feet	$7.51		$6,871.65			
																																	$101,040.35			
	Phase 1B	04003			Dewate r Gravity Sewer					837.0 0	Linear Feet	$16.14		$13, 509.18			
	Phase 18	04018			Type A Manhole 12-14 '	deep				1.00	Each	$5,513.21	$5,513.21			
	Phase 18	04019			Type A Manhole 14-16'	deep				3.00	Each	$6,695.96		$20,087.88			

Phase 18	04068	Manhole Top Out	

4.00

Each

$262

.

25

$1,049 .00

	Phase lB		04069		Pour Inverts		4.00		Each		$240.10	$960.40				

	Phase lB		04115		8" SDR 26 Sewer Main 12-14' Deep		80.00		Linear Feet		$41.36	$3,308.80				
																												
	Phase l B		04116		8" SDR 26 Sewer Main 14-16' Deep		757.00		Linear Feet		$50.49	$38,220.93				
	Phase l B		04137		PVC Fittings		2.00		Each		$293.13	$586.26				
	Phase lB		04 143		6" & 8" Standard Boots fo r Manholes		9 .00		Each		$61.50	$553.50				
																											
	Phase lB		04144		Punch Out Sewer		837 .00		LF		$1.77	$1,481.49				
																											
	Phase lB		04146		TV Test Sewer Main		837.00		Linear Feet		$4.42	$3,699.54				
																					$88,970.19				
	Phase lB		07011		16" DR18 PVC Water Main		1,340.00		Linear Feet		$41.40	$55,476.00				
	Phase lB		07011		16" Joint Restraints		3.00		Each	$409.69	$1,229.07				
																									
	Phase lB		07011		16" Gate Valve		3 .00		Each	$5,355.40	$16,066.20				
																								
	Phase lB			07011		16 x8" Tee		3.00		Each	$1,215.59	$3,646.77				
	Phase 18			07011		16 x 611  Tee		3.00		Each	$1,156.10	$3,468.30				
	Phase lB		07011		16" 22.5 Bend		5.00		Each	$936.60	$4,683.00				
	Phase lB		07014		8" DR18 PVC Water Main		40.00		Linear Feet	$15.70	$628.00				
	Phase lB		07014		8" Joint Restraints		3.00		Each	$142.51	$427.53				
							8" Gate Va lve																	
	Phase lB		07014				3.00		Each	$1,334.11	$4,002.33				
																												
	Phase lB		07014		8" Cap		3 .00		Each	$188.99	$566.97				
	Phase lB			07015		6" DR18 PVC Water Main		20.00		Linear Feet	$11.91	$238.20				
																
	Phase lB			07015		6" Joint Restraints		3.00		Each	$122.40	$367.20				
	Phase lB		07015		611  Gate Va lve		3.00		Each	$893.73	$2,681.19				
	Phase lB		07104		Valve Box Installation			9.00		Each	$169.11	$1,521.99				
	Phase lB		07105		Flushing Hydrant		6.00		Each	$1,225.29	$7,351.74				
	Phase lB		07106		Fire Hydrant		3.00		Each	$2,340.61	$7,021.83				
	Phase lB		07246		Punch Out for Water Main		1,400.00		Linear Feet	$1.77	$2,478.00				
	Phase lB		07248		Flushing & BT's for Water Main		1,400.00		Linear Feet	$0.89		$1,246.00				
	Phase lB		07249		Locate Wi re Test for Water Main		1,400.00		Linear Feet	$0.51	$714.00				
																												
	Phase lB		07250		Pressure Test for Water Main		1,400 .00		Linear Feet	$1.97	$2,758.00				
																					$116,572.32					
	Phase lB		09004		Flushing Hydrant		5.00		Lump Sum	$1,225.29	$6,126.45				
	Phase lB		09011		16" DR18 PVC Reuse Main		1,340.00		Linear Feet	$40.32	$54,028.80				
	Phase lB		09011		16" Joint Restraints		3.00		Each	$409 .69	$1,229.07					
	Phase lB		09011		16" Gate Va lve		3.00		Each	$5,355.40	$16,066.20				
	Phase lB		09011		16 x 8" Tee		3.00		Each	$1,207.31	$3,621.93				
	Phase lB		09011		16" 45 Bend		1.00		Each			$982.84	$982.84				
	Phase lB		09011		16" 22.5 Bend		5 .00		Each	$989.04	$4,945.20				
	Phase 1B		09014		8" DR18 PVC Reuse Main		300.00		Linear Feet	$15.70	$4,710.00				
	Phase 1B		09014		8" Joint Restraints		3.00		Each	$143.69	$431.07					
	Phase 1B		09014		8" Gate Valve		3.00		Each	$1,334.11	$4,002.33					
	Phase lB		09014		8" 45 Bend		20.00		Each	$348.89	$6,977.80				
	Phase lB		09014		8 11  Cap		3.00		Each	$153.50	$460.50				
	Phase lB		09103		Valve Box Installation			6.00		Each	$169.11	$1,014.66				
	Phase lB		09239		Punch Out for Reuse Main		1,640.00		Linear Feet	$1.77	$2,902.80				
																					$1,459.60				
	Phase lB		09240		Flush ing for Reuse Main		1,640.00		Li near Feet	$0.89					
	Phase lB		09241		Locate Wi re Test for Reuse Main		1,640.00		Linear Feet	$0.55	$902.00				
	Phase lB		09242		Pressure Test for Reuse Main		1,640.00		Linear Feet	$1.97	$3,230.80				
																					$113,092 .05				
	Phase 1B		11000		Irrigation		1.00		Lump Sum	$11,474.00	$11,474.00				
																					$11,474 .00				
	Phase lB		13000		Landscaping		1.00		Lump Sum	$32,180.00	$32, 180.00				
																					$32,180 .00				
	Phase 18 Total																	$1,038,457 .26					

Tynes Phase 2

		Phase 2	00100		General Conditions	1.00	Lump Sum	$29,145.00	$29,145.00		
		Phase 2	00104		Construction Entrance	1.00	Each	$8,846.00		$8,846.00		
																		$37,991.00		
		Phase 2	00201		Payment & Performance Bonds	1.00	Lump Sum	$19,897.00		$19,897.00		
																		$19,897.00		
		Phase 2		00300		NP DES Permit Compliance	1.00	Lump Sum	$6,770.00		$6,770.00		
		Phase 2	00303		Maintain Silt Fence	7,520.00	Li near Feet	$0.99		$7,444.80		
		Phase 2	00304		NPDES Reporting	8.00	Month	$856.00		$6,848.00		
												
																		$21,062.80		
		Phase 2	00400		Surveying			1.00	Lump Sum	$30,091.00		$30,091.00		
																		$30,091.00		
		Phase 2	00500		As Buil ts	1.00	Lump Sum	$15,046.00		$15,046.00		
																		$15,046.00		
		Phase 2	00601		Si lt Fence Type Ill (Regular)	7,520.00	Linear Feet		$0.88		$6,617.60		
		Phase 2	00608		Inlet Protection	15.00	Each	$165.80		$2,487.00		
																		$9,104.60		
		Phase 2	00901		Clear Right of Way, Easements, Ponds	11.00	Acre	$4,070.16		$44,771.76		
																		$44,771.76		
		Phase 2	01001		Dewater Exst Pond	1.00	Lump Sum		$3,250.00		$3,250.00		

																	
	Phase 2	01002			Regrade Pond 2 Slope		5,775.00	Square Yard	$3.56	$20,559.00			
														$23,809.00			
	Phase 2	01104			Strip Topsoil	3,250.00	Cubic Yard	$2.60	$8,450.00			
	Phase 2	01105			Bury in Pond	3,250.00	Cubic Yard	$1.65	$5,362.50			
	Phase 2	01108			Site Cu t	100.00	Cubic Yard	$2.71	$271.00			
	Phase 2	01109			Place & Compact Fill	29,292.00	Cubi c Yard	$0.96	$28,120.32			
	Phase 2	01110			Earthwork Density Testing	1.00	Lump Sum	$8,401.00	$8,401.00			
	Phase 2	01112			Load Fill From Surcharge Area	29,292.00	Cubic Ya rd	$1.10	$32,221.20			
	Phase 2	01118			Final Dressout	21,239.00	Square Yard	$0.54	$11,469.06			
	Phase 2	01119			Dress Behind Electric Contractor	1.00	Lump Sum	$3,335.35	$3,335.35			
														$97,630.43			
	Phase 2	01202			Site Seed and Mulch	11,200.00	Square Yard	$0.44	$4,928.00			
	Phase 2	01203			Pond 2 Sod	5,775.00	Squa re Yard	$2.49	$14,379.75			
	Phase 2	01205			Right of Way Sod	1,406.00	Squa re Yard	$2.49	$3,500.94			
														$22,808.69			
	Phase 2	01302			Subgrade for Sidewalk	4,045.00	Square Yard	$2.67	$10,800.15			
	Phase 2	01304			Subsoil Stabilization	13,882.00	Square Yard	$5.04	$69,965.28			
														$80,765.43			
	Phase 2	01400			Furnish and Install Geo Web	1,778.00	Square Yard	$3.39	$6,027.42			
	Phase 2	01403			811  Limerock	12,123.00	Square Yard	$12.88	$156, 144.24			
														$162,171.66			
	Phase 2	01506			2" Asphalt Pavement	12,123.00	Squa re Yard	$11.26	$136,504.98			
	Phase 2	01517			Prime Limerock	12,123.00	Square Yard	$0.55	$6,667.65			
	Phase 2	01518			Tack Coat	12,123.00	Squa re Yard	$0.55	$6,667.65			
														$149,840.28			
	Phase 2	01700			Striping & Signs	1.00	Lump Sum	$11,056.00	$11,056.00			
														$11,056.00			
	Phase 2	01805			18" City Std. Cur b & Gutter	6,331.00	Linear Feet	$10.84	$68,628.04			
														$68,628 .04			
	Phase 2	02000			Sidewalks	36,407.00	Square Feet	$3.31	$120,507.17			
	Phase 2	02005		A.D.A. Handicap Ramps	14.00	Each	$165.81	$2,321.34			
	Phase 2	02006			A.D.A. Mats	168.00	Square Feet	$28.74	$4,828.32			
														$127,656 .83			
	Phase 2	03003			Dewater Storm Drain	986.00	Linear Feet	$14.44	$14,237.84			
	Phase 2	03025			Curb Inlet 0-4' Deep	4.00	Each	$2,084.17	$8,336.68			
	Phase 2	03026			Curb Inlet 4-6' Deep	7.00	Each	$2,560.10	$17,920.70			
																	
	Phase 2	03027			Curb Inlet 6-8' Deep	2.00	Each	$3,834.83	$7,669.66			
	Phase 2	03027			Curb Inlet 8-10' Deep	2.00	Each	$5,110.83	$10,221.66			
	Phase 2	03054			Control Structure 4-6' Deep	1.00	Each	$7,212.99	$7,212.99			
	Phase 2	03060			Storm Manhole 0-4' Deep	1.00	Each	$1,787.31	$1,787.31			
	Phase 2	03062			Storm Manhole 6-8' Deep	1.00	Each	$4,566.95	$4,566.95			
	Phase 2	03064			Storm Manhole 10-12' Deep	2.00	Each	$6,928.80	$13,857.60			
	Phase 2	03075			Storm Top Adjustments		17.00	Each	$412.15	$7,006.55			
	Phase 2	03076			Storm Inverts	18.00	Each	$477.79	$8,600.22			
	Phase 2	03077			Underdrain Stubs from Inlets	650.00	Linear Feet	$22.25	$14,462.50			
																	
	Phase 2	03086			24" Mitered End Section	2.00	Each	$1,404.10	$2,808.20			
	Phase 2	03088			36" Mitered End Section	1.00	Each	$1,823.24	$1,823.24			
	Phase 2	03089			42" Mitered End Section	2.00	Each	$3,040.89	$6,081.78			
																	
	Phase 2	03190			15" RCP 0-6' Deep	388.00	Li near Feet	$34.25	$13,289.00			
	Phase 2	03191			18" RCP 0-6' Deep	785.00	Li near Feet	$44.99	$35,317.15			
													
	Phase 2	03198			24" RCP 0-6' Deep	553.00	Linear Feet	$53.74	$29,718.22			
	Phase 2	03199			24" RCP 6-8' Deep	208.00	Linear Feet	$59.47	$12,369.76			
	Phase 2	03000			30" RCP 6-8' Deep	125.00	Linear Feet	$81.30	$10,162.50			
	Phase 2	03000			30" RCP 8-10' Deep	90.00	Linear Feet	$93.47	$8,412.30			
	Phase 2	03212			36" RCP 0-6' Deep	225.00	Linear Feet	$79.05	$17,786.25			
													
	Phase 2	03213			36" RCP 6-8'  Deep	71.00	Linear Feet	$103.13	$7,322.23			
													
	Phase 2	03222			42" RCP 10-12' Deep	492.00	Linear Feet	$109.26	$53,755.92			
	Phase 2	03279			Pun ch Out Storm Drain	2,937.00	Linear Feet	$1.77	$5,198.49			
	Phase 2	03280			TV/ Laser Profile Storm Drain	2,937.00	Linear Feet	$7.51	$22,056.87			
														$341,982.57			
	Phase 2	04003			Dewater Gravity Sewer	400.00	Linear Feet	$16.14	$6,456.00			
	Phase 2	04017			Type A Manhole 10-12' deep	1.00	Each	$4,556.65	$4, 556.65			
	Phase 2	04068			Manhole Top Out	2.00	Each	$262.25	$524.50			
	Phase 2	04069			Pour Inverts	2.00	Each	$240.10	$480.20			
	Phase 2	04103			10" SOR 26 Sewer Main 8-10' Deep	128 .00	Linear Feet	$34.07	$4,360.96			
	Phase 2	04104			10" SOR 26 Sewer Main 10-12' Deep	120.00	Linear Feet	$36.07	$4,328.40			
	Phase 2	04106			10" SOR 26 Sewer Main 14-16' Deep	152.00	Linear Feet	$68.85	$10,465.20			
	Phase 2	04137			PVC Fittings	3.00	Each	$293.13	$879.39			
																	
	Phase 2	04143			6" & 8" Standard Boots for Manholes	3.00	Each	$61.50	$184.50			
		04144															
	Phase 2				Pu nch Out Sewer		400.00	LF	$1.77	$708.00			
	Phase 2	04146			TV Test Sewer Main		400.00	Linear Feet	$4.42	$1,768.00			
														$34,711.80			
	Phase 2	07011			16" DR18 PVC Water Main	3,020.00	Linear Feet	$41.40	$125,028.00			
	Phase 2	07011			16" Joint Restraints	68.00	Each	$409.69	$27,858.92			

	Phase 2	07011	16"x16" Cross		2.00	Each	$2,336.98	$4,673.96		
																	
	Phase 2	07011	16" Sleeve			1.00	Each	$1,031.91	$1,031.91		
	Phase 2	07011	16" Gate Valve		6.00	Each	$5,355.40	$32,132.40		
	Phase 2	07011	16x 8 11  Tee		2.00	Each	$1,215.59	$2,431.18		
	Phase 2	07011	16x 6" Tee		7.00	Each	$1,156.09	$8,092.63		
	Phase 2	07011	16" 22.5 Bend		5.00	Each	$936.60	$4,683.00		
	Phase 2	07013	10" DR18 PVC Water Main		20.00	Linear Feet	$19.43	$388 .60		
	Phase 2	07013	10" Gate Valve			2.00	Each	$2,039.01	$4,078.02		
	Phase 2	07013	10x8" Reducer		1.00	Each	$402 .80	$402.80		
	Phase 2	07013	10" Cap		1.00	Each	$190.52	$190.52		
	Phase 2	07014	8" DR18 PVC Water Mai n		260.00	Linear Feet	$15.19	$3,949.40		
	Phase 2	07014	8" Joint Restraints		6.00	Each	$142.51	$855.06		
	Phase 2	07014	8" Gate Valve		4.00	Each	$1,334.11	$5,336.44		
	Phase 2	07014	8" Cap		5.00	Each	$188.99	$944.95		
	Phase 2	07015	6" DR18 PVC Water Main		40 .00	Linear Feet	$11.91	$476.40		
	Phase 2	07015	6" Gate Valve		7.00	Each	$893.73	$6,256.11		
	Phase 2	07104	Valve Box Installation		19 .00	Each	$169.11	$3,213.09		
	Phase 2	07105	Flushing Hydrant		5.00	Each	$1,225.28	$6,126.40		
	Phase 2	07106	Fire Hydrant		7.00	Each	$2,340.60	$16,384.20		
	Phase 2	07238	1" Single Water Service		2.00	Each	$1, 166.16	$2,332.32		
	Phase 2	07246	Punch Out for Water Main		3,340.00	Linear Feet	$1.77	$5,911.80		
	Phase 2	07248	Flush ing & BT's for Water Main		3,340.00	Linea r Feet	$0.89	$2,972.60		
	Phase 2	07249	Locate Wi re Test for Water Main		3,340.00	Linear Feet	$0.51	$1,703.40		
	Phase 2	07250	Pressure Test for Water Main		3,340.00	Linear Feet	$1.97	$6,579.80		
														$274,033.91		
	Phase 2	09004	Flushing Hyd rant		6.00	Lump Sum	$1,225.28	$7,351.68		
																	
	Phase 2	09011	16" DR18 PVC Reuse Main		3,160.00	Linear Feet	$40.32	$127,411.20		
	Phase 2	09011	16" Joint Restraints		70.00	Each	$409.69	$28,678.30		
	Phase 2	09011	l6uxl611  Cross		2.00	Each	$2,366.55	$4,733.10		
	Phase 2	09011	16" Sleeve		1.00	Each	$1,031.91	$1,031.91		
	Phase 2	09011	16" Gate Valve		6.00	Each	$5,355.40	$32,132.40		
	Phase 2	09011	16x8"Tee		2.00	Each	$1,207.31	$2,414.62		
	Phase 2	09011	16" 22.5 Bend		5.00	Each	$989.04	$4,945.20		
	Phase 2	09013	10" DR18 PVC Reuse Main		120.00	Linear Feet	$20.02	$2,402.40		
	Phase 2	09013	1011  Joint Restraints		4.00	Each	$202.00	$808.00		
	Phase 2	09013	10" Gate Valve		2.00	Each	$2,039.01	$4,078 .02		
	Phase 2	09013	10x8" Reducer		1.00	Each	$402.80	$402.80		
	Phase 2	09013	10" Cap		1.00	Each	$207.07	$207.07		
	Phase 2	09014	8" DR18 PVC Reuse Main		340.00	Linear Feet	$15.70	$5,338.00		
	Phase 2	09014	811 Joint Restrai nts		10.00	Each	$143.69	$1,436.90		
	Phase 2	09014	8" Gate Valve		4.00	Each	$1,334.11	$5,336.44		
	Phase 2	09014	8" 45 Bend		8.00	Each	$348.89	$2,791.12		
	Phase 2	09014	8" 22.5 Bend		1.00	Each	$346.52	$346.52		
	Phase 2	09014	8" Cap		5.00	Each	$153.50	$767.50		
	Phase 2	09234	1" Single Water Service		2.00	Each	$1,166.16	$2,332.32		
												$1.77	$6,407.40		
	Phase 2	09239	Punch Out for Reuse Main		3,620.00	Linear Feet				
	Phase 2	09240	Flushing for Reuse Main		3,620.00	Linear Feet	$0.89	$3,221.80		
																	
	Phase 2	09241	Locate Wire Test for Reuse Main		3,620.00	Linear Feet	$0.55	$1,991.00		
																	
	Phase 2	09242	Pressure Test for Reuse Main		3,620.00	Linear Feet	$1.97	$7,131.40		
														$253,697.10		
	Phase 2	11000	Irrigation		1.00	Lump Sum	$32,301.00	$32,301.00		
														$32,301.00		
	Phase 2	13000	landscaping		1.00	lump Sum	$74,262.00	$74,262.00		
														$74,262.00		
															$1,933,318.90		
	Phase 2 Total															

2.

www.etm!nc.com tel 904-642-8990 • lax 904-646-9485

14775 Old St. Augustine Road"'Jacksonville, Florida 32258

September 19, 201 7

Armstrong CDD

Attn: Jim Perry

Governmental Management Services, LLC

Town Center 1 at World Golf Village

475 West Town Place, Suite 114

St. Augustine, FL 32092

Re: Limited Development Inspection (CEI) Services for Tynes Boulevard Phases 1B & 2

Dear Mr. Perry:

England, Thims & Miller, Inc. (ETM) is pleased with this opportunity to submit for your consideration a Scope and Fee proposal to provide Limited Development Inspection services for the above referenced project.

ETM ls a long standing professional service provider in Northeast .Florida and for many years we have been providing CEI services on projects of similar size and scope Tynes Boulevard Phases lB & 2 prqje-cts. In addition, we are currentJy a continuing service provider for Clay County for transportation related services and are intimately familiar with the inspection scope and acceptance procedures required by Clay County.

Our understanding of the requested scope includes the primary assignment of qualified inspection personnel to provide quality assurance services that the work is constructed in accordance with the approved plans and specifications and to the satisfaction of the A.1mstrong CDD and Clay County.

Our understanding of the scope of the construction work is based upon a review of plans provided by your office which include the following new construction:

•	Construction of the approximately 4,400 linear feet of asphalt pavement and curbing.

•	Excavation of Ponds 1, 2, and 27 along with associated open and closed dn1inage systems.

•	Installation of proposed concrete sidewalk and ADA ramps.

•	Other new construction including signing, pavement markings, and erosion control devices.

•	Utility installation backfill inspection including mains, manholes and sleeves located ·within the road right of ways,

Attached you will find our Scope of Services marked Exhibit "A" and the below budgeted amount has been determined at the established approved contract rates (attached marked Exhibit B) and including a budget for reimbursable expenses.

Budget Amount (Not to Exceed) Hourly Services .................................... .	, ..... ., .... $179,000.00	

The above hourly fee is based on the following assumptions:

•	Construction duration does not exceed 14 months ( 432 calendar days).

e	Phases 1B & 2 will begin construction 90 days following Phase lA and the above fee budget is subject to Phase lB and 2 being constructed concurrently with Phase lA.

•	Inspection services to include preparation of excel spreadsheet for explanation of unde1Tuns and ovenuns.

Page2 of 4

Limited CBI Services for Tynes Boulevard Phase 1B & 2	9/19/17

•	Inspectior1 services to include daily and weekly reports ( with photo documentation) submitted to the Armstrong CDD and Clay County.

•	Inspection services will be provided commensurate with the level of construction activities and reasonably provided to allow for ETM to provide the .Annstrong CDD and Clay County 'Ni.tha completion letter in accordance with their requirements. It is anticipated that im,peetion services will be provided Monday through Friday only (no weekend/night time/overtime inspections).

•	Utility inspection services to be provided by CCUA.

•	Inspection services are for the Tynes Boulevard Phases 1B & 2 projects only.

•	J)er request from Clay County, Owner grants authority to ETM to stop construction based upon non-compliance issues.

The following services are not included in the above fixed fee amount:

ITEMS NOT INCLUDED

1.	Full time inspection services

2.	Contract Administration services

3.	Project Management services

4.	Materials Testing Services

5.	Shop Drawing Review (by EOR)

6.	SJR\VMD As-Built Certification

7.	FDEP Water/Sewer Permit Certification

8.	CCUA Inspections & Certifications

9.	Geote.chnicaLIUnderdrain Inv~-stigations

10.	OSHA or other Regulatory Safety Inspections

11.	Ele.ctric, Phone, Cable, Gas Design or Inspection

12.	Technical review of change order/claims

13.	Landscape, Hardscape, Lighting or Irrigation Design or Inspection

14.	Pennitting & Permit Fees

15.	Surveying and Com;truction Stakeout

16.	Plat/Easement Preparation or  Processing

17.	Engineering Design Services

18.	Final Signed & Sealed Asbuilt Survey and Certifications
19.	Warranty Inspections

20.	EOR Response to RFJ's

21.	Aerial Photography

Should any of the above 'not included' services be needed or ifan extension of services is needed beyond the original 14 months (432 calendar day) duration, ETM can provide these services on an hourly basis.

ENGLAND--THIMS & MILLER, INC.

Principal -  CEO/CSO/President ....................................................		$259.00/Hr.	
Principal -Vice President ............................................................		$244.00/Hr.	
Chief Engineer .....	,. .......................................................................	$244.00/Hr.	
Senior Engineer ........	•.......................	•...........................................	$194.00/Hr.	
Engineer .......................................................................................			$151.00/Hr.	
Project Manager ...........................................................................			$178.00/Hr.	
Asststant Project Manager ...........................................................		$146.00/Hr.	
Chief Planner ...............................................................................			$244.00/Hr.	
Senior Planner ..............................................................................			$178.00/Hr.	
Planner .........................................................................................			$146.00/Hr.	
CE! Senior Engineer ......................................................................		$211.00/Hr.	
senior Inspector ...........................................................................			$146.00/Hr.	
Inspector ......................................................................................			$118.00/Hr.	
Senior Landscape Architect ..........................................................		$163.00/Hr.	
Landscape Architect .....................................................................		$146.00/Hr.	
senior Graphics Technician ...........................................................		$146.00/Hr.	
GIS Programmer ...........................................................................			$156.00/Hr.	
GIS Analyst ...................................................................................			$130.00/Hr.	
Senior Engineering Designer/ senior LA Designer ......................	$146.00/Hr.	
Engineering/Landscape Designer ................................................		$125.00/Hr.	
CADD/GIS Technician ...................................................................		$118.00/Hr.	
Administrative Support .................................................................		$81.D0/Hr.	

England-Thim:, & millc:r,lnc:.

Page 3 of 4

Limited CEI Services for Tynes Boulevard Phase 1B & 2	9/19/17

GENERALCONDmONS

PAYMENT TERMS - Payment is due upon receipt of our invoice. If payment is not received within thirty deys from the invoice date, Client agrees to pay a finance charge on the principal amount of the past due account of one and one-half percent p!!r month. I! one and one-half percent per month exceeds the maximum allowed by law, the charge shall automatically be reduced to the maximum legally aHowable.

In the event Client requests termination of the seNkes prior to completion, the Client shall pay all charges incurred through the d.ite seNkes are stopped plus any shutdown costs. If during the execution of the services, England, Thims & Miller, Inc. is required to stop operations as a result of changes in the scope of services such as requests by the Client or requirements of third parties, acklitional charges will be applicable.

INSURANCE - England, Thims & Miller, lnc. maintains Wo,kers' Compensation and Emp!oyer' s Liability Insurance in conformance with applicable state law. In addition, we maintain Comprehensive General liability Insurance and Automobile Liability Insurance with bodily injury and property damage limits of $1,000,000. A certificate of insurance can be supplied evidencing such coverage which contains a clause providing that ten days' written notice be given prior to cancellation.

Cost ot the above coverage is included "in our quoted fees. If additional coverage or increased limits of liability are required, England, Thims & Miller, Inc. will endeavor to obtain the requested insurance and charge separately for costs associated with additional coverage or increased limits.

STANDARD OF CARE - The only warranty or guarantee made by England, Thims & Miller, Inc. in connection with the services performed hereunder, is that we will use that degree of care and skill ordinarily exercised under similar conditions by reputable members of our profession practicing ln the same or similar locarrty. No other warranty, expressed or implied,·,. made or lntended by our proposal for consulting seNices or by our furnishing oral or written reports.

PERMITTING/ZONING ~ The Client is herein notified that several City, State and Federal environmental. zoning and regulatory permits may be required for this project. England, Thims & Miller, Inc. will assist the Client in preparing these permits at the Client's direction. However, the Client acknowledges that it has the responsibllity fo, submitting, obtaining and abiding by all required permits. Furthermore, the C!'lent holds England, Thims & Miller, lnc. harmless from any losses or liabilities resulting from such permitting or regulatory action.

LIMITATION OF LIABILITY - To the fuHest e,tenl perrnitted by l;,w, and notwithstanding any other provision of this Agreement, the total liability, in the aggregate, of England, Thims & Miller, Inc. and its officers. directors, partners, employee,, agents and subcomultants, and any of them, to the Client and anyone claiming by, through or under the Client. for any and all claims, losses, costs or damages of any nature whatsoever arising out of, resulting from or in any way related to the Project or the Agreement from any cause or causes. including but not limited to the negligence, professional errors or omissions, strict liability, breach of contract or warranty, express or implied, of England, Thi ms & Miller, Inc. and its officers, directors, employees,

OWNERSHJI' Of DOCUMENTS - All documerits, including, but not limited to drawings, specifications, reports. borir,g logs. field notes. laboratory test data, calculations and estimates, prepared by England, Th ims & Miller, Jnc. as instruments of service pursw,nt to this Agreement, shall be the sole property of England, Thims & Miller, Inc. Client agrees that all documents of any nature furnished to Client or Client's agents or des;gnees, if not paid for, will be returned upon demand and will not be used by Client for any purpose whatsoever. Oient further agrees that under no circumstances shall any documents produced by England, Thims & Miller, Inc.. pursuant to this Agreement be used at any location or for any project not expressly provided for in this Agreement without the written permission of England. Thi ms &

Miller, Inc. and England. Thims & Miller, Inc. will provide Client with copies of documents created in the performance of the work for a period not exceeding five years following su bm iss ion of the final plans and specifications contemplated by this Agreement.

SAFETY - Should England, Thims & Miller, Inc. provide periodic observations or monitoring services at the job site du ring construction, Client agrees that in accordance with generally accepted construction practices, the contractor will be so!!!ly and completely responsible for wo,king conditions on the _job site, induding safety of all persons and property during the performance of the work and compliance with OSHA regulations, aml that these requirements will apply continuously and not be limited to normal working hours. Any monitoring of the contractor's procedures conducted by England, Thims & Miller, Inc. is not intended to i ndude review otthe adequacy of the contractor"s safety measures in, on, adjacent to, or near !he construction site.

INDEMNIFICATION - In addition, and notwithstanding any other provisions of this Agreement, the Clier1t agrees. to the fullest extent permitted by law, to indemnify and hold harmless England, Thims & Miller, Inc. and its directors. employees, agents and subconsultants from and against all damage, liability or cost, including reasonable attorneys' fees and defense costs, arising out of or in any way connected with this project or the performance by any of the parties above named of the services under this Agreement, excepting only those damages, liabilities or costs attributable to the sole negligence or willful misconduct of England, Thims &

Miller, Ioc.

MUTUAL WAlVEll OF CONSEQUENTIAL DAMAGES- In no event shall either party hereunder be liable to tr.a other party for punitive, speculative, consequential or special damages of any kind.

CONTRACT ADMINISTRATION - Client agrees that England, Thims Bl. Miller. Inc. will not be expected to make exhaustive or continuous on-site inspections but that periodic observations appropriate to the construction stage shall be performed. It is further agreed that England, Thims & MRler, lnc. will not assume responsibility for the contractor's means methods, techniqtieS, sequences or procedures of construction and it is understood that field services provided by Eng land, Thi ms &

Miller, Inc. will net relieve the contractor of his responsibirities for performing the work in accordance with the plans and specifications. The words 'supervision·, "inspection', or "control", are used to mean periodic observation of the work by England, Thims & Miller, Inc. to verify substantial compliance with the plans, specifications and design concepts.. Continuou;; inspections by our employees do not mean that England, Thi ms & Miller, Inc. is observing placement of !l!L 1naterials.

England-Thim::,&. miBcu. Inc.

Page4 of 4

Limited CEI Services for Tynes Boulevard Phase 1B & 2	9/19/17

agents or subconsultants, m any of them. shall not e,ceed the total compensation received by England, Thi ms & Miiler, bi<:. under this Agreement, or the total amount of $50,000.00, whichever is less.

lf Client prefers to have higher limits Ort professional liability, Er1gland, Thims & Miller, Inc. agrees to increase the limits up to a maximum of $500,000 upon Clients written request at the time of accepting this proposal provided that thi, Client agrees to pay an additional charge as a result of such increase.

SEVERABILITY AND SURVWAL - If any of the provision, contained in this AGREEMENT are held invalid, illega~ or unenforceable, such invalidity, illegality or unenforceability will not affect any other provision, and this AGREEMENT will be construed as if such invalid, ijlegal, or unenforceable provision had never been contained herein.

GOVERNlNG LAW - This agreement shall be governed in all respects by the

laws of the State of Florida.

COST OPlNIONS - Any cost opinions or Project economic evaluations provided by England, Thims & Miller, Inc. will be on a basis of experience and judgment, but. since it has no control over market conditions or bidding procedures, England, Thims & Miller, Inc. cannot warrant that bids, cost estimates. ultimate construction cost, or Project economics will not vary from these opinions.

SALES TAX -The purchaser of the services described herein shall pay any applicable sales ta• in the manner and in the amount as required by law.

Full-time inspection means that an employee of England, Thi ms & Miller, Inc:- has been assigned for eight-hour days during regular business hours.

Construction inspection and monitoring .services which eHceed 40 hours per week for one indfvidual shall be invoiced at 150% of the standard biUing rate.

ASSJGNABlt.rrY · Client and England, Thi ms & Miller, Inc.. respectively bind themselves. their successors and assigns to the other party to this Agreement and to the succe.sors and assigns of such other part with respect to all covenants of this Agreement. Neither Oient nor England, Thims & Miller, Inc. shall assign this Agreement without the prior written consent of the other part.

INTEGRATION • This Agreement represent, the entire and integrated Agreement between Client and England, Thims & Miller, Inc. and supersedes all prior negotiations. representations or Agreements, either written or oral. This Agreement may be amended only by written instrument signed by both parties.

LIMITATIONS ON CAUSES Of ACTION · Ciluses of action between the parties to this Agreement pertaining to acts or failures to act shall be deemed to have occurred and the applicable statutes of llmnations shall commence to run not ,ater than (il the date of substantial completion fol'acts or failures to act occurring prior to substantial completion of our engineering services pursuant to this Agreement; or

(ii} the date of issuance of our finlkl invoice for acts or failure to act occurring after substantial completion of our engineering service, pursuant to this Agreement.

THIRD PARTY BEN EflCJARY · Nothing contained in th is Agreement shall create a contractual relationship with or a cause of action in favor of a third party against either Gient or England, Thims & Miller, Inc.

We again thank you for this opportunity lo be of service on the Tynes Boulevard Phases lB & 2 projects. Please indicate your agreement with this proposal by signing in the space provided and return one copy to our office.

lfyou have any questions or require additional information, please call. Thank you for this opportunity to be of professional service.

Sincerely,

ENGLAND-TRIMS & MILLER, INC.
(:~ . ,, . ( . ,,, . ,/
/7-- -ti
J1rri~nchez

Director, Land Development CEI

Accepted this ____ Day of ________________, 2017

By:

England-Thim=, & miller, Inc.

SIXTH ORDER OF BUSINESS

Armstrong		
COMMUNITY DEVELOPMENT DISTRICT	
COMBINED BALANCE	SHEET	
August 31, 2017		

ASSETS:		
Cash		
Prepaid Expenses		
Due from Developer		
TOTAL ASSETS	
LIABILITIES:		
Accounts Payable		
FICA Payable		
FUND BALANCES:		
Reserved for Debt Service	
Reserved for Capital Projects	
Unreserved		
TOTAL  LIABILITIES	& FUND EQUITY	
& OTHER CREDITS		

Governmental Fund Types	Totals		
			Capital	(Memorandum Only)		
General			Projects	2017		
$8,289	$442,774			$451,064		
$5,500						$5,500		
$24,082						$24,082		
								
$37,871		$442,774			$480,645		

$26,574	$15,827	$42,401		
$0				$0		
					$0		
		$426,947	$426,947		
	$11,297					$11,297		
$37,871		$442 774		$480,645		

-1-

ARMSTRONG

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues & Expenditures

For The Period Ending August 31, 2017

		ADOPTED		PRORATED			ACTUAL				
		BUDGET		THRU 8/31/17			THRU 8/31/17		VARIANCE		
REVENUES:											
Developer Contributions	$97,625	$89,490		$75,899	($13,590)		
										
TOTAL  REVENUES	$97,625		$89,490				$75,899		($13,590}		
EXPENDITURES:											
Administrative											
Supervisors Fees	$0	$0		$1,800	($1,800)		
FICA Expense	$0	$0		$138	($138)		
Engineering	$15,000	$13,750		$1,500	$12,250		
Attorney	$20,000	$18,333		$21,539	($3,206)		
Annual Audit	$5,000	$4,583		$0	$4,583		
Management Fees	$45,000	$41,250		$33,750	$7,500		
Computer Time	$1,500	$1,375		$1,333	$42		
Telephone	$50	$46		$70	($24)		
Postage	$750	$688		$245	$443		
Insurance	$5,000	$5,000		$5,000	$0		
Printing & Binding	$1,000	$917		$890	$27		
Legal Advertising	$2,500	$2,292		$6,181	($3,889)		
Website Compliance	$1,000	$917		$833	$84		
Other Current Charges	$500	$458		$204	$255		
Office Supplies	$150	$138		$113	$24		
Dues, Licenses & Subscriptions	$175	$175		$175	$0		
												
TOTAL EXPENDITURES	$97,625		$89,921			$73,771		$16,150		
Excess  Revenues/Expenses											
		$0					$2,129				
Retained Earnings - Beginning					$9,168				
Retained  Earnings - Ending									
						$11,297				

-2-

ARMSTRONG

COMMUNITY DEVELOPMENT DISTRICT

CAPITAL PROJECTS -TYNES BLVD PROJECT

Statement of Revenues & Expenditures

For The Period Ending August 31, 2017

		ADOPTED		PRORATED					ACTUAL			
		BUDGET		THRU 8/31/17		THRU 8/31/17	VARIANCE		
REVENUES:												
Developer Contributions	$0	$0	$795,660		$795,660		
TOTAL  REVENUES											
	$0		$0			$795,660		$795,660		
EXPENDITURES:												
Engineering	$0	$0	$318,635		($318,635)		
Attorney Fees	$0	$0	$21,661		($21,661)		
Legal Advertising	$0	$0	$591		($591)		
Other Current Charges	$0	$0	$673		($673)		
Permit Fees	$0	$0	$12,000		($12,000)		
TOTAL EXPENDITURES										
	$0		$0			$353,561		($353,561)		
EXCESS REVENUES (EXPENDITURES)									
		$0				$442,099				
FUND BALANCE - Beginning				($15,152)				
FUND BALANCE - Ending										
						$426,947				

-3-

SEVENTH ORDER OF BUSINESS

Armstrong

Community Development District	Funding Request #14

October 4, 2017

East/West

PAYEE	Partners	Greenpointe	TOTAL

.£..:•. _,.'i_:_,::;~ -~---· .. :::;::. =-:-:-~.-'-~'.-~:~:,.•; :~,--:,{r--•· ·•~.:.,:--.:.•_:· :· ·=-·--:-"?•.-.-.-2:":.~.:.·:=-~-, _!.!.: ·3,.-'~'l:..1•.·---.~t·:•~'~\:1:'Yr".t-~· -~···-1_-_.~~---•:~or.-"'-:--:;,:..-.:=~.-- --=j;.._---.-.-·.-=--·-:·;,.·::-:--·,...,:--: .. •?·. ·.·.r ~-.-::;;~·-=--,-= ... -.,': ,.· ~-.r.~;;::::· .. -:.=:.:-:--· .···r:.·•·." "'s ,. : .:- -~-. ·,·,-~._-.··,· ..... ·,~,.-,, ··:-. ~--.. -.

1	Clay county Clerk of Courts							
	Recording Fee		$	56.00	$	56.00	$	112.00	
	Recording Fee		$	64.50	$	64,50	$	129.00	
2	Clay Today								
	Ad# 273464		$	33.75	$	33.75	$	67.50	
3	GMS, LLC								
	Inv# 16 - Management Fees & Expenses (Sep 17)	$	2,173.80	$	2,173.80	$	4,347.59	
4	Hopping Green & Sams							
	Inv# 95719 - General Counsel (Jul 17)	$	1,871.80	$	1,871.80	$	3,743.60	
	Inv# 95720 - Project Construction (Jul 17)			$	6B8.00	$	688.00	
5	Board Payroll								
	Meeting Date:	9/5/2017	$	107.65	$	107.65	$	215.30	
		9/27/2017	$	107,65	$	107.65	$	215.30	
	TOTAL		$	4,415.15	$	5,103.15	$	9,518.29	
.:;•·...: •. ,.~·.. :.t. •..•••••..• -:••••• , - •••. : .• :. n-, ·•. -;,,.:.:..:., •• ,_.7,!,.~..:,~·-- ...	'2- •••.•h,c,--__.._ __ ,_.__ ::0-:.·  7   2""""""77-..;...,t.••,,~---,--  ,:;-7: •. l'••••. , .. : . ~2 ..	:.. ,t:,,..., _____ . . :.... ...	•.. :. ,•.;,:,-,.·.o;,,-•1.-,..,.,.,-,~Tll:."'!Ii",h:. ......	~ • ..'...':.~ ., .• .e _I __ .••• . -...... • .•·• . .!'•• .-, i  ·  ',, .-.. ·-•·•,-·.....	,..1.-~,.._,_..,.r.;; ,::..-«....:..•.:.G-_!7:....:..	

Please make check payable to:

Armstrong COD

5385 N Nob Hill Road

Sunrise, FL 33351

(954) 721-8681

ARMSTRONG  CDD  -  GENERAL  FUND		9/25/2017	
VENDOR  NUMBER/NAME:	10  CLAY  COUNTY  CLERK  OF	COURTS	CHECK#:   000016	
INV  DATE	INV#	AMOUNT   DISCOUNT	NET		
20170925	RECORDIN	112.00	112.00	RECORDING  FEE	

ARMSTRONG  CDD  -  GENERAL	FUND		9/25/2017	
VENDOR  NUMBER/NAME:	10  CLAY  COUNTY  CLERK  OF  COURTS	CHECK#:   000016	
INV  DATE	INV#	AMOUNT   DISCOUNT	NET		
20170925	RECORDIN	112.00	112.00	RECORDING  FEE	

TOTAL	$112.00	

ARMSTRONG
5385  N  NOB  HILL  ROAD	63-64.3/670			
SUNRISE,   FL  33351				
	DATB	llMOUNT		
(954)   721-8681				
	9/25/2017	$112. 00*		

ONE  HUNDRED  TWELVE  DOLLARS  &  00  CENTS	*************************************

PAY			
TO'rllE	CLAY  COUNTY  CLERK  OF  COURTS		
ORDER			
			
OF:			
	AUTHORI?.!lD  SJGNATIJRE		

C000016C	Al21000248A4281466359C

This instrument was prepared by and	(This space reserved for Clerk)	
upon recol'ding should be returned lo:			
Kalie S. Buchanan, E.'lq.			
HOPPING GREEN & SAMS, P.A.			
119 South Monroe Street, Sui1e 300			
Tallahnssee, Florida 32301			

AGREEMENT BY AND BETWEEN AR1'1STRONG  COMMUNITY DEVELOPMENT DISTRICT AND GREY HA WK VENTURE, LLC, REGARDING THE TRUE-UP AND PAYlvIENT OF
SERIES 2017 ASSESSMENTS

THIS AGREEMENT is made and entered into as of this 28111 day of September, 2017, by and between:

ARMSTRONG  ('.,OMMUNITY  DEVEJ,OPMENT  DISTIUCT,  a  local  unit of i.-pecial-

pmpose government established ptu·suant to Chapter 190, Florida Stcttutes, being located in unincorporated Clay County, Florida (the "Dish·ict"); and

GREYHAWlC VENTURE, LLC, a Flmida limited liability company, and pdmat·y landowner of lands within the District (together with its successors and assigns, the "Landowner").

RECITALS

WHEiu:tAs, the District was established by ordinance of the Boat-cl of County Commissioners in and for Clay County, Florida, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), and is validly existing under the constitution and laws of the State of Florida; and

WHEREAS, the Act aulhol'izes the District to issue bonds for the purpose, among others, of plmmi11g, financing, constructing, installing, operating, and/or maintaining certain infnistrncture, including transportation improvements, water, sewel', and re-use facilities, stormwater management facilities, entry features, landscaping and sigliage, l'ecreational improvements, and other infrastrncture projects within or without the boundaries of the Dis1ric1; and

W1mREAS, the Landowner is cm:renlly the owner of certain lands in Clay County, Flol'ida, located within the boundaries of the District, as furthe1· described in attached Exhibit A (the "Assessment Area l Lands") which comprise Assessment Area 1 (defined below); and

WHERii~\s, a Final Judgment was issued on March 23, 2017, validating the authority of the Dlstdct to issue up to $30,000,000 in aggregate principal amount of Armstrong Community Development District (Clay County, Florida) Special Assessment R,wenue Bonds to finance certain improvements and facilities within the District; and

Trne-Up Agreement

WHEREAS, the District has adopted an improvement plan to finance the planning, design, acquisition, construction, and installation of certain infraslrncturc improvements, facilities, and services (the "Sel'les 2017 Projectt'), as detailed in lhe E11gi11eer's Report, dated January 11, 2017, as supplemented by the Dislrict's Supplemenwl E11gi11eer•.~ Report, dated August 17, 2017 ("Supplmnenlal Engineer's Repo1·t"). and the anticipated costs of the improvements described in the Supplemental Engineer's Report: and

WHEREAS, lhe District intends to finance the Sedes 2017 Project through the use of proceeds from the anticipated sale of $4,035,000 in aggregate principal amount of Armstrong

Community Development District Special Asse.,;sment Revenue Bonds, Series 2017A and $2,890,000 in aggregate principal amount of A1mstrong Community Development District Special Assessment Revenue Bonds, Series 2017B (together, the "Series 2017 Bonds"); and

WHEREAS, pursuant to DL<::tdct Resolution Nos. 2016-21, 2017-04, 2017-05, 2017-09, 2017-11, and 20 l 7-12, (the "2017 Assessment Resolutions"), the Disttict imposed special assessments on the Assessment Arca 1 Lands ("Assessment A1·ea 1") to secure the repayment of the Series 2017 Bonds (the "Series 2017 Assessments"); and

WHEREAS, Landowner agrees that all of the Assessment Area l Lands benefit from the timely design, construction, or 11cquisilion of the impmvements that make up the Series 2017

Project; and

WHEREAS, Landowner agrees that the Series 2017 Asi.-essments which were imposed on the Assessment Area l Lands have been validly imposed artd constitulc valid, legal and binding liens upon the Assessment Area 1 Lands, which Series 2017 Assessments remain unsatisfied; nnd

WHEREAS, to the extent permitted by law, L·mdowner waives any defecl in notice or publication or in the proceedings to levy, impose and collect the Series 20 l 7 Assessments on the Assessment Area 1 Lands; and

WHEREAS,  the Special Assessment Methodology Report for Siugte-F(lmi[y As.teJ·smenl
Area, dated August  16, 2017, as  supplemented by lhal certain Final Numbers S11ppleme11tal

Special Assessment Methodology Report for the Selies 2017A and 2017B Special Assessment Revenue Bo11ds Assessment Anm 1 dated September 6, 2017 (together, tlle "2017 Assessment Report"), provides that as Assessment Area 1 Lands are platted, the allocation of the amounts assessed to and constituting a lien upon Assessment Area 1 Lands would be calculated based upon certain density assumptions relating to the number of each type of single-family units to be constmcted on Assessment Area 1 Lands, which assumptions were provided by Laodowne1~ and

WHEREAS, Landowner intends that Assessment Area 1 Lands wHl be platted, planned and developed based on then-existing market conditions, and the actual densities developed may be at some density less than the densities assumed in the 2017 Assessment Report; and

True-Up Agreement	2

WHF.REAS, the District's 2017 Assessment Repo!'l anticipates a mechanism by which certain payments will be made to the District in order to satisfy. in whole or in pat'l, the assessments allocated and the liens imposed pursmmL to the 2017 Assessment Resolutions, the amount of such payments being determined generally by a calculation of the !'emaining unallocated debt pri01· to the recording of the final plat or site plan for a parcel or tract, as described in the District's 2017 A,;sessment Repol'l {which payments shall collectively be referenced as the ''TruewUp Payment"); and

WHEREAS, Landowner and the District desire to ent~r into ao agreement to confirm Landowner's intenti011 and obligation, if required, to make or cause to be made the True-Up Payment related to the Series 2017 Assessments, subject to the tenus and conditions contained herein.

Now, TI-IBREFORE, based upon good and valuable consideration and the mutual covenants of the parties, the receipt of which and .sufficiency of which is hereby acknowledged, the parties agree as follows:

SECTION 1.	RECITALS,  The recitals so slated a1·e true and correct and by this reference	
are incorpornte<l into and form a material prut of this Agreement.	
SEC1'ION2 .	V ALIDIT\' OF  ASSF,SSMENTS,    Landowner  agrees  that  the  Assessment	

Resolutions have been duly adopted by the District. Landowner further agrees that the Series 2017 Assessments imposed as a lien by the District are legal, valid, and binding liens running wit11 the land against which assessed until paid, coequal with the liens of all state, county, district, lllld municipal taxes, and superior in dignity to all other liens, titles, and claims. Landowner hereby wnives m1d relinquishes any fights it may have to challenge, object to or otherwise fail lo pay such Series 2017 Assessments.

SECTION 3,	PATh1EN'fOF ASSESSMENTS,

A.	Landowner agrees that to the extent Landowner fails to timely pay all Series 2017 Assessments collected by malled notice of the District, said unpaid Sedes 20 t 7 Assessments (inclnding True~Up Payments) may be placed on the tax roll by the District fur collection by the Tax Collector pursuant to Section 197.3632, Florida Stmutes, in any subsequent year or may be foreclosed on as provided for in Florida law.

B.	Landowner agrees that the pt·ovmons of this Agreement shall constitute a covenant running with Assessment Area 1 L'lnds and shall remain in full force

	and effect and be binding upon Landowner, its legnl representatives, estates, successors, grantees, and assigns as to the Assessment Area 1 Lands until released pur1mant to the tenns herein.

True-Up Agreement	3

SECTION 4,	SPECIAL ASSKSSMENT REAl,I,OCATION.

A	Ass11mplio11s as to the Series 2017 Assessments.  As of the date of the execution of

	this Agreement, Landowner has informed the Distl'icl that Landowner anticipates that a total of two hundred (200) single-family residential dwelling 1mits, as more specifically described by unit size/munber in the 2017 Assessment Report, will be constructed within Assessmeri.t Area L

B. Process for Reallocation of Asses.m1e11ts. The Series 2017 Assessments will initially be levied on a per acre basis in Assessment Al'ea I and will be reallocated as lands nre platted into dwelling units (the "Reallocation"). In connection with such platting of acreage within Assessment Area 1, the Series 2017 Assessments imposed on the acreage being pJatted will be allocated based upon the actual number of units within each product type being platted. In fnrtherance thereof, at such lime as acreage is to be platted, Landowner covenants thnt such plat shall be presented to the District. The Distl'ict shall allocate the Series 2017 Assessments to lhe r~sidential product types being platted and the remaining property fo accordance with the 2017 Assessment Report and cause such Reallocation to be recorded h1 the District's improvement Lien Book.

(i)	It is an express condition of the lien establL.. hed by the 20 l 7 Assessment

Resolutions that at the time of recording any and all plats containing any po1tion of the lands within Assessment Area 1, as the District's boundal'ies may be amended from time to time, shall be presented to the District for review, approval and allocation of the Series 2017 Assessments to the product types being platted and the remaining prope1ty in accordance with the 2017 Assessment Report.

Landowne1· covenants to comply, or cause others to compiy, with this requirement for the Reallocation as to the Assessment Area I Lands. The District agrees that no fmther action by the Board shall be required. The Distdct's review of the plats shall be limited solely to the Reallocation of Series 2017 Assessmenls and cnforceme11t of the District's assessment lien. Nothing herein shall in any way operate to or be construed as providing any other plat and plan. al)pl'oval or disapproval powers to the District

(ii)	As acreage within Assessment Area l  is platted (each such date being a
.. True-Ut) Date''), the District sl1all determine if the debt per developable acm remaining on the unplatted lands within the Assessment Area I Lands exceeds the maximum debt per developable acre of $64,788 for the Series 2017A Assessments and $46,403 for the Series 2017B Assessments, and if it is, a debt reduction payment in the amount of such excess debt pe1· developable acre (the

"Tme-Up Payment") shall become immediately due and payable by Landowner that tax year in accordance with the District's 2017 Assessment Report, in addition to the regular assessment installment payable for lands owned by the Landowner. The District will ensure coHectlon of such amounts in a timely manner in order to meet its debt services obligations, and in all cases, Landowner agrees that such payments shall be made in order to ensure the District's timely

True-Up Agreement	4

payments of the debt services obligations on the Series 2017 Bonds. The District shall record all Tl'Lle-Up Payments iu its Impmvement Lien book.

(iii). The foregoing is based on the District's understanding with Landowner that the maximum debt per developable acre for Assessment Al'ea 1 is $64,788 for the Series 2017A Assessments and $46,403 for the Series 2017B Assessments. If the strict application of the trne-up methodology to any Reallocation for any plat pursuant to this section would result in assessments collected in excess of the District's total debt service obligation for the Series 2017 Bonds, the District agrees to take appropriate action. by I"esolution to equitably reallocate the assessments.

SECTION 5. ENFORCEMENT. TWs Agreement is intended to be a method of enforcement of Landowner's obligation lo abide by the requirements of the Reallocation of Series 2017 Assessments to platted units, including the making of the Trne-lJp Payment, as set forth in the 2017 Assessment Resolutions. A defaull by either party under this Agreement shall entitle the other party to all t-emedies available at law or in equity, which shall include, but not be limited to, the right of actual damages (but not consequential, special or punilive damages), injunctive relief, and specific performance.

SEC'fJON 6,	ASSIGNMENT.

A.	Agreement Runs witll Ltmd ~ This Agreement shall constitute a cove11nnt running with title to the Assessment Area 1 Latlds, binding upon Landowner and its successors and assigns as to the Assessment Area 1 Lands or pmtions thereof, and any transferee of any portion of 2tbe Assessment Area I Lands as set forth in this Section, except as permitted by subsection B., below, or subject to the conditions set forth in subsection C., below.

B.	Exceptions - Landowner shall not transfer any portion of the Assessment Area l Lands to any third party without complying with the terms of subsection C. below, other than:

(i)	Platted and fully developed lots to homebuilders restricted from re-platting;

(ii)	Platted and ft1lly developed lots lo end Lt&el's; and

(iii)	Portions of the Assessment Area l Lands which are exempt from assessments to the County, the Distiict, a homeowners' association, or other

governmental agencies.

Any transfer of any portion of the Assessment Area 1 Lands pursuant to subsections (i), (ii) or (iii) listed above shall constilute an automatic release of such pol"tion of the Assessment Area 1 Lands from the scope and effect of this

True-Up Agreement	5

Agreement, provided however that any True-Up Payment owing is paid prior to such trnnsfer.

C.	1'ra11sfe1' Co11ditio11s - Landowner shall not transfer any portion of the Assessment Area 1 Lands to any third party, except as permitted by subsection B. above, withoul satisfying uny Trne-Up Payment that re..•mlts from any trne-up determinations made by the Distdct incident to such transfer (the "T1·ansfel" Condition"). Any transfer that is consummated pursuant to this Section shall operate as a release of Landowner from its obligations under this Agreement as lo such portion of the Assessment Area l Lands only arising from and after the date of such transfer and satisfaction of the Transfer Coridition and the transferee, which by recording or causing to be recorded in the Official Reco!'ds of the Cmmty, the deed transferring such portion to the transforee shall be deemed to assnme Landowner's obligations .in uccordance herewith shall be deemed the "umdowner'' from and after such transfer for all purposes as to such portion of the Assessment Area 1 Lands so transferred. Regardless of whether the condition of this subsection is met, any transferee, other than those specified in subsection B., above, shaH take title subject to the terms of this Agreement.

S.l!:CTION 7. lb~COVER\" OF Cosn, AND FEEs. In the event ei1her pany is required to enforce this Agreement by comt proceedings or othetwise, then tile p1-evailing party, as determined by the applicable court or other dispute resolution pmvider, shall be entitled to recover from the non-prevailing patty all fees and costs incurred, including reasonable attorneys' fees and costs incurred prior 10 or during any litigation or other dispute resolution and including all fees and costs inctmed in appellate proceedings.

NOTICE.	All  notices,  requests,  consents,  and  other communications

hereunder ("Notices'') shall be in writing and shall be delivered, mailed by First Class: Mail, postage prepaid, or telecopied or hand delivered to the parties, as follows:

A.	If to the District:	Armstrong Community	
		Development Distl'ict	
		475 West Town Place, Suite 114	
		St. Augustine, Florida 32092	
		Attn: District Manager	
	With a copy to:	Hopping Green & Sams, P.A	
		119 South Monroe Street, Suite 300	
		Tallahassee, FL 32301	
		Attn: Katie S. Buchanan	
B.	If to the Landowner:	Greyhawk Venture, LLC	
		7807 Bayrneadows Road East	
		Jacksonville, Flm·ida 32256	
		Attn:  Edward E. Buff	

True-Up Agreement	6

With a copy to:	Feldman & Mahoney, P.A.
2240 Belleair Road, Suite 210
Clemwater, Florida 33764
Attn: Donna J. Feldman

Except as otherwise provided herein, any Notice shall be deemed received only upon actual de.livery at the address or telecopy number set forth herein, If mailed as provided above, Notices shall be deemed delivered on the third business day unless actuaHy rnceived earlier, Notices hand delivered after 5:00 p.m. (at the place of delivery) or on a non-business day, shall be deemed received on the next business day. If any time for giving Notice contained in this Agreement would otherwise expire on a non-business day, the Notice period shall be ex.tended to the next succeeding btu;iness day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the parties may deliver Notice on behalf of the parties. Any party or other person to whom Notices are to be sent or copied may notify the other parties and addmssees of any change in name, address or telecopy number to which Notices shall be sent by providing the same on five (5) days written notice to the parties and addressees set forth herein.

Notwithslanding the foregoing, to the extent Florida law requires notice to enforce the collection of assessments placed on properly by the District, then the provision of such notice shall be in lieu of any additional notice requited by this Agreement.

SECTION 9, ASSIGNMENT. No party may assign its rights, duties, or obligations under this Agreement or any monies to become due hereunder without the prior written consent of the other party, whose consent shall not be unreasonably withheld, and of the Tmstee of the Sel'ies 2017 Bonds, acting at the direction of the Bondholders owning a maj01·Hy of the agg1-egate principal amount of the Series 2017 Bonds then outstan.ding. Any purported assignment by either party absent the prior written co1rnenl of the other party as required by this section shall be void and unenforceable.

SJ~CTION 10. AMENDMENT. This Agreement shall constitute the entire agreement between the pmties as to the mattei·s set fol'th herein m1d may be modified in writing only by the mutual agreement of the parties and with the prior written consent of the Trustee of the Series 2017 Bonds, acting at the direction of the Bondholders owning a majolity of the aggregate plincipal amount of the Se1·ies 2017 Bonds then outstanding.

SECTION 11, TERMINATION. This Agreement shall continue in effect until it is rescinded in writing by the mutual assent of the parties and with the prior written consent of the Trnstee of the Series 20 l 7 Bonds, acting at the direction of the Bondholders owning a majodty of the aggregate principal amount of the Series 2017 Bonds then outstanding.

SECTION 12.	This Agreement has been negotiated

fully between the paLties as an arm's lenglh transaction. The parties participated fully in the p1·eparution of thii; Agreement and received the advice of counsel. In the case of a dispute concerning the interpretation of any provision of this Agreement, the parties are deemed to have

Truo-Up Agreement	7

drafted, chosen, and selected Ille language, and the doubtful Language wm nol be inte1preted or construed against eilhet· party.

SECTION 13. BENEFICIARIES. Except as provided below, this Agreement is solely for the benefit of the formal parties herein, and no dght or cause of action shall accme upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Except as provided below, nothing jn this Agreement expressed or implied is intended or shall be constl'l.led to confer upon any person, corporation, or entity olher than the parties hereto any right, remedy, 01· claim under or by reason of this Agreement or any pi-ovisions m conditions hereof; and all of the provisions, representations, covenants, and conditions herein contained shall inure to the sole benefit of and shall be binding upon the parties hereto and their respective representatives, successm·s, and assigns. Notwithstanding the foregoing, the Tt·ustee for the Series 2017 Bonds, on behalf of the 2017 Bondholders, shall be a direct third-party beneficiary of the terms and conditions of this Agreement imd shall be entitled to cause the District to enforce the Limdowner's obligations hereunder. The Tmstee has not assumed any obligations hereunder.

SECTION 14. LIMITATIONS Oi'l GOVERNMENTAL LIADll,lTX, Nothing in this Agreement shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of hmnunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Stahltes, 01· other statute or law, and nothing in this Agreement shall inure to the benefit of any third party for the pm1Jose of allowing any claim which would otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.

SECTION 15. APPLICAliLE LAW AND VEt'lUE. This Agreement shall be governed by the laws of the State of Florida. The patties agree and consent that proper venue for any dispute m·ising out of this Agreement, whether in or out of court, shal1 be in Clay County, Florida.

SECTION 16. EXECUTION IN COUN1'tRPARTS. Titis instrnment may be executed in atly number of counterparts, each of which, when executed and delivered, shall constitute an original, and such counterparts together shall constitute one and the same instrument. Signature and acknowledgment pages, if any, may be detached from the counterparts and attached to a single copy of this document to physically form one document.

SECTION 17. EFFECTIVE DATE. This Agreement shall become effective after execution by the parties hereto on the date reflected above.

True-Up Agroemenl	8

IN WITNESS WHEREOI•, the LandowHer and the District have caused this- Agreement to be executed and delivc::red on the day and year firsl written above.

WITNESSES:				GrtE\'HAWI( Vl-:NTllR£1 LLC, 11 Florida		
				limited liab11ity compal)y		
Witness Signatu11	)\,-D.	v ~--\\, ,~:,_,1		~--~--		
Pl'inted 1_1ame:	••l\t( !~-,~~			
				
				Its: Vice Pt·esident		
Witness Sign!\lure		'S:?n, <:h.G.oi::,---••			
Pi'intcd 111-mie:-:1.J>.H,				
STATE OF FLORIDA		)			
COUNTY OF	,d'/o/	)			

The foreg<;ring instrument was acknowledged before me this "2./-5T day of September,
Vice President of Oi'eyhawk Venture, LLC, for and on behalf of

sa_id entity. He [X] is personally known to me or [ J produced _ ______ _ as identification. ·

NOTARY STAMP:

- . ."(i.,,.,.-...,_,,i::i:,r..,.--"•~.,,~,.~---...._____,,,				
i	,..  .,,,,,		JAMfS A. PERRY				
1 l1.,:.r:,,_~-;:i\	Notary Publlo • siatt 01 Flolhla				
		Printed Name of Notary Public		
! • :	i MY comm. Expires Sep 1◄, 2018			
;,	• .	•	COlll1lllSilOB.I Fl'1595t&				
,,	Oond6<111vough tl.atl9nal Nolf!Y /\Un,

True-Up Agreemenl	9

IN WITNESS WHEREOF, the Landowner and the District have, ca.used this Agreement to be executed nnd delivered on (he-day imd year first wrillen above.

ARMSTRONG COMMLINIT\'

DEVELOl'MENTDlSTRICT

STATE OF FLORID¼	)	.   ,~,'A .IJ/Jt./1-,		
COUNTY OF(Z  f	)	"?vi~		
				
The foregoing instrument was acknowledge	e(ore me this U-5/ day of September,		
2017, by ----------- ~ as e n-irrmin- of the Bom'il of Supervisors of the Armstrong Community Development District, for aiul on behalf of the Distl'ict. She/He [ J is personn tly known to me or [ J p.roduoed _ ______ as identification.

NOTARY STAMP:

Pri11ted Name of Notary Public

Exhibit A:  Desci'iptioii of Assessment Area I

Trne-Up Agreemenl	JO

Exhibit A:
Description of Assessment Area I

Parcel "A"

A portion of Lot I, Armstt'Ong Plat, Clay County, Florida, according to plat thereof recorded in Plat Book 59 pages 34 through 38 of the public l'eCOl'ds of said county, said portion being mo1-e particularly described as follows:

Commence at the nol'thwest comet· of said Lot I; thence on the 11011h line thereof, No1th 87 degrees 38 minutes 38 seconds East, 2924.57 feet to the east line thereof; thence on said east line, Soutb 02 degrees 14 minutes 51 seconds East, 283.24 feet to the point of beginning; thence South 76 degrees 16 ininutes 03 seconds West, J37.18 feet; thence North 77 degrees OJ minutes 38 seconds West, 58.12 feet; thence South 87 degrecs49 minutes 35 seconds West, 127.71 feet; thence South 53 degrees 04 minutes 15 seconds West, 17.54 feet; thence 1101·thwestel'ly, along 1l1e arc of a cw·ve concave southwesterly and having a radius of 55.00 feet, an arc distance of 23.12 feet, said arc being subtended by a chord bearing and distance of North 80 degrees i 9 minutes 05
s~conds West, 22.95 feet;	thence South 87 degrees 38 minutes 13 seconds West, 416.86 feet;	
thence South 01  degree 46 minutes 00 seconds East, 60.16 feet;	thence South	88 degrees 14	
minutes 00 seconds West, l l0.00 feet;	thence Nm·th	84 degrees 37 minutes 42	seconds West,	
50.39  feet;   thence  South	88  degrees	14  minutes	DO  seconds	West,  121.68  feel;  thence	
northwesterly, along the arc of a curve concave southwesterly and having radius of 65,00 feet, an arc distance of 87.95 feet, said arc being subtended by a chord beal'ing and distance ofN01·th 53 degrees 36 mhtute 01 seconds West, 81.39 feet; thence South 87 dcgt·ees 38 minutes 13 seconds West, 362. JO feet; thence South 02 degrees 21 minutes 47 seconds East, 86.36 feet; thence southwesterly• .along the arc of a curve concave southeasterly and having a radius of 290.00 fuet, an arc dislance of 4 76,87 feet, said arc being subtended by a chord bearing and distance of South 37 degrees I 9 minutes 08 seconds West, 424. 93 feet; thence South 09 deg1-ees 47 minutes 2 I seconds East, 394.98 feet to the north line of Royal Pines Dl'ive, accol"ding to plat thereof recorded in Plat Book 59 pages 27 through 33 of the public records of said county; thence on said north line, rnn the following 7 courses: 1) North 85 degrees 23 minutes I J seconds East, 377.55 feet; 2) no1theastedy, along the arc of a curve concave northweste11y and having a radius of 960.00 feet, an arc distance of 415.36 feet, said ai-c being subtended by a chord bearing and distance of North 72 degrees 59 minutes 29 seconds East, 412.12 feet; 3) North 60 degrees 35 minutes 48 seconds East, 265.!9 feet; 4) northeastel'ly, along the at'C of a curve concave southeasterly and having a radius of 540.00 feet, an arc distance of 255.98 feet, said arc being subtended b)' a chord bearing and distance of Nmth 74 degrees l O minutes 35 seconds East, 253.59 feet; 5) Nol'th 87 degrees 49 minutes 35 seconds East, 232.33 feet; 6) Nol"th 79 degrees 54 minutes 50 seconds East, 108.97 feet; 7) Nol'th 87 degrees 49 minutes 35 seconds East. 99.93 feet to said east line of Lot I; thence on said east line, North 02 degrees 14 minutes 51 seconds West, 509.30 feet to the point of bcghming; being 2450 acres, more or less, in area.

Parcel "B"

A pol'lion of Lot 2, Armstrong Plat, Clay Cou11ty, Florida, according to plat thereof recorded in Plat Book 59 pages 34 through 38 of the public records of said county, said pnrcel being more particulal'ly described as follows:

Begin al the northeast corner of said Lot 2; thence on the south line of Royal Pines Drive according to plat thereoft-eco1·dcd in Plat Book 59, pages 27 through 33 of the public records of

True-UJ) Agreement	I I

said county, rnn the following 7 courses: l) South 87 degrees 49 minutes 35 seconds West, 99.66 feet; 2) North 84 degrees 24 minutes 30 seconds West, 111.02 feet; 3) South 87 degrees 49 minutes 35 seconds West, 230.17 feet; 4) southwesterly along the arc of a curve concave southeasterly and having a radius of 460.00 feet, nn arc distance of218.05 feet, said arc being subtended by a chm·d beadng and distance of South 74 degrees l O minutes 35 seconds West,

216.02 feet; 5) South 60 degrees 35 minutes 48 seconds West, 265.19 feet; 6) southwestel'ly along the arc of a curve concave nol'thwesterly and having a radius of 1,040.00 feet, an al'C distance of 449.97 feet, said arc being subtended by a chord bearing and distance of South 72 degrees 59 minutes 29 seconds West, 446.47 feelj 7) South 85 degrees 23 minutes 1l seconds West, 89.19 feet; thence South 07 degmes 26 minutes 25 seconds East, 381.81 feet to the north line of Upland Buffer No. 3, as per Official Records Book 2937, page I 84 of said public records; thence on the boundaries thereof, mn the following 35 courses: 1) North 74 degl'ees 18 minutes 55 seconds East, 86.30 feet; 2) South 64 degrees 54 minutes 30 seconds East, 11.95 feet; 3) South 15 degrees 41 minutes 05 seconds East, 13.51 feet; 4) South 28 degrees 08 minutes 32 seconds West, 10.95 feet; 5) South 67 degrees 27 minutes 53 seconds West, 13.37 feet; 6) South 16 degrees 42 minutes 03 seconds West, 2.70 feet; 7) southeasterly along the arc of a curve concave northeasterly and having a radius of 710.00 feet, an arc distance of 129.66 feet, said arc being subtended by a chm·d bearing and distance of South 39 degl'ees 16 minutes 04 seconds Easl, 129.48 feet; 8) South 44 degrees 29 minutes 57 seconds East, 33.36 feet; 9) southeasterly along the a1·c of a crnve concave southwesterly and having a rndius of 640.00 feet, an arc distance of 174.04 feel, said arc being subtended by a chord bearing and distance of South 36 degrees 42 minutes 31 seconds East, 173 .51 feet; l 0) South 49 degrees OI minutes 59 seconds East, 33.04 feet; I l) South 15 degrees 03 minutes 28 seconds East, 56.81 feet; 12) South 32 degrees 03 minutes 24 seconds East, 64.97 feet; 13) South 17 degrees 42 minutes 30 seconds East, 27.60 feet; 14) southeasterly along the are of .i curve concave northeasterly and having a radius of 1,055.00 feel, all arc distance of 150.14 feet, said arc being subtended by a chord beal'ing and distance of South 33 degrees 09 minutes 01 seconds East, 150.01 feet; 15) South 76 degrees 06 minutes 51 seconds East, 23.87 feet; 16) North 89 degrees 21 minutes 44 seconds East. 47.98 feet; 17) South 58 dcg1·ees 19 minutes 30 seconds East, 58.99 feet; 18) South 55 degrees 01 minutes 32 seconds East, 38.19 feet; 19) South 76 degrees 30 minutes 46 seconds East, 42.61 feet; 20) South 76 degrees 55 minutes 47 seconds East, 60.65 feet; 21) South 45 degrees 35 minutes 34 seconds East, l 09. I I feetj 22) southeaste11y, lllong the arc of a curve co11cave southwesterly and having a radius of 175.00 feet, and arc distance of 40.67 feet, said arc being subtended by a chord bearing and distance of South 38 degrees 57 minutes 53 seconds East, 40.58 feet; 23) South l3 degrees 51 minutes 33 seconds East, 62.93 feet; 24) South Ol degrees 01 minutes l3 seconds East, 2.99 feet; 25) South 13 degrees 16 minutes 05 seconds West, 71.73 feet; 26) South 65 degrees 02 minutes 43 seconds West, 4.41 feet; 27) South 80 degrees 12 minutes 08 seconds West, 87.51 feet; 28) South 87 degrees 58 minutes 33 seconds

West, 61.91  feet;	29) North 84	degrees 39 minutes 04 seconds West, 79.56 feet;	30)	North 82	
degrees 17 minutes 36 seconds West, 65.84	feet;	31)	South 88 degrees 28	minutes 44 seconds	
West, 63 .57 feet;	32) South 45	degi·ees 08 minutes 39 seconds West, 57.44 feet;	33)	South 45	
degrees 02 minutes 15 seconds West, 41.12	feet;	34)	South 21  degrees 46	minutes 07 seconds	
West, 83.30 feet;	35) South 12 degrees 48 minutes 36 seconds East, 38.35 feet to lhe south Jine	

of said Lot 2; thence on said south line, North 88 degrees 58 minutes 49 seconds East, 1211.38 feet; theoce Nmth 32 degrees 34 minutes 03 seconds West, 97.29 feet; thence North 49 degrees 52 minutes 06 seconds East, 21.02 feet; thence North 24 dcgt'ees 51 minutes 43 seconds East,

True-Up Agreement	12

38.67 feet;  thence North 21  degrees 57 minutes 24 seconds East, 50.59 feet to the south line of

Upland Buffer No. I as per Official Records Book 2937, pnge 184 of said public l'ecords; thence on the boundaries thereof, run the following 41 courses: 1) North 68 degrees OI minute 06 seconds West, 14.94 feet; 2) North 21 degt·ees 57 minutes 22 seconds East, 44.09 feet; 3) North
26 degrees 54 minutes 26 seconds East, 75.06 feet;	4) Nm·th 26 degrees 17 minutes 55 seconds	
East, 80.98	feet;	5) No1·th 20 degrees  16 minutes  18 seconds East,  16.17 feet;	6) Nmth 21	
degrees 21	minutes 43 seconds West, 70.52 feet;	7) Not'th 26 degrees 51  minutes OB seconds	
West, 44.31	feet;	8) North 55 degrees 32 minutes  15 seconds West, 57.54 feet;	9) South 69	
degrees 47 minutes 24 seconds West, 38.54 feet;	I 0) North 69 degrees 17 minutes 51 seconds	
West, 97.25 feet;	11) South 85 degl'ees 14 minutes 35 seconds West, 74.89 feet;	12) South 85	
degrees  14 minutes 35 seconds West, 122.59 feet;	13) South 62 degrees 33 minutes 09 seconds	
West, 73.37 feet;	14) South 79 degl'ees 19 1ninutes 39 seconds West, 133.l I feet;	15) South 78	
degl'ees 02 minutes 51  seconds West, 54.33 feet;	I 6) South 60 degrees 12 minutes 49 seconds	
West, 20.95 feet;	17) South 85 degrees 54 minutes 26 seconds West, 30.98 feet;	18) No1'th 63	
degrees 20 minutes 02 seconds West, 22.00 feet;	19) Nm-th 63 degrees 24 minutes OI seconds	

West, 60.46 feet; 20) North 45 degrees 35 minutes 34 seconds West, 9.54 feet; 21) North 02 degrees 09 minutes 34 seconds East, 17.17 feet; 22) North 20 deg1·ees 50 minutes 35 seconds West, 68.84 feet; 23) North 19 degrees 35 minutes 27 seconds West, 43.72 feet; 24) North 10 degrees 37 minutes ·12 seconds West, 59.62 feet; 25) thence North 06 degrees 08 minutes 05 seconds West, 56.57 feet; 26) North 22 degrees OI minutes 58 seconds East, 33.52 feet; 27) northeastedy along the arc of a cut·ve concave southeasterly and having a radius of 315.00 feet, an arc distance of 122.12 feet, said arc being subtended by a chord bearing and distance of North 33 degrees 08 minlltes 20 seconds East, 121.36 feet; 28) North 52 degrees 50 minutes 04 seconds East, 16.18 feet; 29) North 55 degrees IS minutes 12 seconds East, 45.&8 feet; 30) North 64 degrees 28 minutes 21 seconds East, 54.73 feet; 31) North 63 degrees 17 minutes 49 seconds East, 37.28 feet; 32) No1th 51 degrees 40 minlltes 47 seconds East, 28.% feet; 33) North 65 degrees 50 minutes l l seconds East, 53.85 feet; 34) Nol'th 79 degt·ees 32 minutes 09 seconds East, 32.66 feet; 35) North 73 deg1-ees 45 minutes 29 seconds East, 57.66 feet; 36) North 65 degrees 08 minutes 03 seconds East, 36.47 feet; 37) North 71 degrees 59 minutes 57 seconds East, 48.00 feet; 38) Nol'th 76 degrees 48 minutes 36 seconds East, 50.02 feet; 39) South 86 degrees 31 minutes 33 seconds East, 30.74 feet; 40) North 86 degrees 57 minutes 14 seconds East, 40.82 feet; 42) South 76 degl'ees 32 minutes 34 seconds East, 10.58 feet to the east line of said Lot 2; thence on said east line, North 02 degrees I 3 minutes 02 secollds West, 726.66 feet to the point of beginning; being 37.78 acres, more or less, in area.

Trnc-Up Agreement	13

ARMSTRONG  CDD  -  GENERAL  FUND		9/25/2017		
VENDOR  NUMBER/NAME:	10  CLAY  COUNTY  CLERK  OF  COURTS	CHECK#:  000017		
INV  DATE	INV#	AMOUNT   DISCOUNT	NET	RECORDING  FEE		
20170925	REC  FEE	129.00	129.00			

	(] ~)',?~ ~]			
	c.!;t	8)l.. .J) ~)			
ARMSTRONG  CDD  -  GENERAL  FUND		9/25/2017	
VENDOR  NUMBER/NAME:	10  CLAY  COUNTY  CLERK  OF  COURTS	CHECK#:   000017	
INV  DATE	INV#	AMOUNT   DISCOUNT	NET		
20170925	REC  FEE	129.00	129.00	RECORDING  FEE	

TOTAL	$129.00	

ARMSTRONG
5385  N  NOB	HILL  ROAD	63-643/670			
SUNRISE,   FL	33351				
		OIi.TE	IIMOUNT		
(954)	721-8681				
		9/25/2017	$129.00*		
						
	ONE  HUNDRED  TWENTY-NINE  DOLLARS  &  00  CENTS********************************		
PAY						
TO  THE	CLAY  COUNTY  CLERK  OF  COURTS				
ORDER					
OF,						
						
			AU'.!'HORIZED	SIGNATURE		

C000017C	A121000248A4281466359C

This inslrument w11s prepun..'<! by 1md	(Tbis space mserved for Clerk}	
upon recording should be retumcd 10;		
Katie S. Buch11m111., &q.		
HOPPING ORBBN & SAMS, P.A.		
119 South Monroe Street, Sul1e 300		
Tallahassee, Florida 32301		

COLLATERAL ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT RIGH;'f~

This Collateral Assignment and .Assumption of Development Rights (the "Assignment"}
is made and entered into this 281  dny of September, 2017, by and between:
h

GREYHA WK VENTURE, LLC, a Florida limited liability company and the primary owner of lands within the boundary of l11e District, whose address is 7807 Baymeadows Road East, Suite 205, Jacksonville, Florida 32256 (the
"L1ndowner"); and

ARMSTRONG COM1'\'lUNITY DEVELOPl\'IENT DIS'rRICl'y a local unit of special-pul'pose government established pul'suant to Chapter 190, Florilltt Statute.r, being situated in Clay County, Florida, whose address is 475 West Town Place, Suite 114, St. Augustine, Florida 32092 (the "District"), ·

RECITALS

WHEREAS, the District was established by an ordinance adopted by the County Commission of Clay County, Florida, pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act") for the purpose of planning, financing, constructing, acquiring, operating and/or maintaining certain public infrastmcture improvements within or without the boundary of the Distl'ict; and

WHEREAS, the Distdct has adopted an improvement plan to finance the planning, design, acquisition, construction, and installation of certain infrastructure improvements, facilitie.,;, and services within the District (lhe "Series 2017 Project"), as desclibed in that ce11ain Engineer's Report, dated January 11, 2017, as supplemented by the District's S11ppleme11tal Engineer's Rep011 dated August 17, 2017 (collectively, lhe "Engineer's Report'')~ and

WHEREAS, the cost of Sel'ies 2017 Project is in the amount of approximately $9,824, IO0;

and

WHEREAS, the District intends to finance a portion of the Series 2017 Project through the anticipated issuance of $4,035,000 in aggregate principal amount of Armstrong Community Development Distdct Special Assessment Revenue Bonds, Series 2017A and $2,890,000 in aggregate principal amount of and the Armstrong Community Development District Special Assessment Revenue Bonds, Series 2017B (together, the «series 2017 Bonds"); and

Collateral Assig1tment

WHEREAS, pursuant to Resolutions 2016-21, 2017-04,	2017-09, 2017-1 l  and

2017-12, the District has imposed special assemanents (the "Series 2017 Assessments") on certain lands within the District ("Assessment Area 1") to secure the l'epayment of the Series

2017 Bonds; and

WHEREAS, the Landowner is the owner of certain hmds and maintains development rights as to thrn;e lands within Assessment Area 1, as more particularly desc1ibed in Exhibit A attached hereto and incorporated hel'ein by this reference ("Landowner Lands"); and

WHEREAS, the Landowner has acquired, 01' hereafter may acquire, certain rights (the "Development and Contract Rights") in, to, under, or by virtue of certain contracts, agreements, and other docLm1ents, which now or hereafter affect the Landowner .umds, Assessment Area l and the Series 2017 Project (collectively, the "Contract Documents"); and

WHEREAS, the District and the Landowner ,mticipate thnt Assessment Area 1 will be developed consistent with the Engineer's Repo1i and that certain Specia7 A,r;sessmenr

Methodolog)' Report fv,· Si11gle-Famil)' Assessmellf Area, dated August 16, 2017, as supplemented by that certain Final Numben; Supplemental Special Assessment Metlw,Jology Report.for the Series 2017A a11d 20170 Special Asses:m1e11t Reve1111e Bonds Assessment Area 1 dated September 6, 2017 (together, the "2017 Assessment Report"); and

WHEREAS, the District and lhc Landowner anticipale that (i) the Landowner Lands will be subdivided into single-family lots tluuugh the County's approval of multiple subdivision plats, (ii) tme-up payments, if any are due as to the Landowner Lands, will be made pursuant to a sepamte true-up agreement being entered into between the District and the Landowner concurrent herewith, and (iii) aU of the Landowner Lands, or lots therein, will be sold to unaffiliated homebuilders or homebuyers (hereinafter refen-ed to as "Development
Completion"); and

WHEREAS, in the event of default in the payment of the Series 2017 Assessments securing the Selies 2017 Bonds, and the passage of any applicable cure period without cure being made, the District has certain remedies with respect to the lien o:f the Series 2017 Assessments as more particularly set forth herein, including certain foreclosure rights pmvided by Florida law (the "Remedial Rights"); and

WHEREAS, as an inducement to the District to issue its Series 2017 Bonds, it is necessary to requit'e the assignment lo the Disttict o:f the Development and Contract Rights to complete the Series 2017 Project as anticipated by and at substantially the densities and intensities envisioned in the Engineer's Report and the 2017 Assessment Report; and

WHEREAS, this Assignment is not intended to impair or interfere with the development of the Series 2017 Project as anticipated by and at substantially the densities and intensities envisioned in the Engineer's Report and the 2017 Assessment Repo1t and shall only be inchoate and shall become an effective and absolute assignment and assumption of the Development and Contract Rights upon failure of rhe Landowner to pay the Series 2017 Assessments levied against the Landowner Lands, which failure is not cured within any applicable cure period; and

Collateral Assignment	2

'WHEREAS, in the event of a transfer, conveyance or sale of any portion of the Landowner Lands, any and all nffilinted entities or successot·s-in-interest to the Landowner Lands shall be subject to this Assignment, which sha11 be l'ecorded iu the Official Recm:ds of Clay County, Florida, except as set forth i11 this Assignment; and

WHEREAS, the rights assigned to the District hereunder shall be exercised in a manner which will not mate1ial1y affect the intended development of the Series 2017 Project.

Now, THEREFORE, in consideration of the above recitals which the parties hereby agree are trne and cmTect and are hereby incorporated by reference and other good and valuable considerntion, the receipt and rmfficiency of which are acknowledged, the Disttict and the Landowner agree a5 follows:

SHCTION 1, INCORPORATION OF RECITALS. The recitals Staled above are true and correct and by this reference are incorporated by reference as a material pait of this AssignmcnL

SF,CTION 2. COJLATERAL AssIGNl\'IF.NT.

A.	In  the  event  the  Lnndowner  fails  to  timely  pay  the  Selies  2017

Assessments levied againsl the Landowner Lands, the District shall be entitled to exercise Remedial Rights. Such exercise of Remedial Rights by the District may include foreclosure proceedings, acceptance of a deed in lieu of foreclosure and the establishmenl of a special-purpose entity (the "SPE") to hold title to the Landowner Lands, as designee of the District. The Landownet· hereby agrees to collaterally assign to the District or its designee, and to the extent assignable, and to the extent that they al"e owned or controlled by Landowner or subsequently acquired by the Landowner, all of its Development and Contract Rights as security for Landowner's payment and performance and discharge of its obligation to pay the Series: 2017 Assessments levied against the Landowner Lands; provided, however, that such assignment is and shall be non-exclusive to the extent that any of the Development and Contract Rights pertain

.to lands or entitlements other than those included within or attributable to the Seties 2017 P1'oject or Assessment Area L. Notwithstanding any contrary tel.'ms in this Assignment, the Development and Cotltl'act Rights exclude: (i) any portion of the Development and Contrnct Rights which relate solely to lots which have been conveyed to unaffiliated homebuilders or end-users effective as of such conveyance, and (ii) any portion of the Development and Contract Rights which relate solely to any portion of the Landowner Lauds which has been transferred, dedicated and/or conveyed, or is in the future co11veyed, to Clay Cout1ty, the District, any unaffiliated homebuilder, any utility provider, govemmental m quasi••governmental entity, any applicable homeownel''s or property owner's association or other governing entity or association, as may be required by applicable permits, apprnvals, plats, entitlements or regL1lations affecting the District, if any, in each case effective as of such transfer, conveyance and/or dedica1ion, as applicable (each a ''Prim• Transrer"). Subject to the foregoing, the Development and Contract Rights shall include, but not be limited to, the following:

1.	Any declarntion of covenants of a hotneowner' s association governing

the Landowner Lands, as recorded in the Official Records of Clay County, Florida, and as the same may be supplemented, amended and restated from time to time, including, without

Collaternl Assignmont	3

limitation, all of the 1'ight, title, interest, powers, privHeges, benefits and options controlled by the Landowner.

2.	Engineering and construction plans and specifications for grading, traffic

capacity analyses, roadways, site dminage, storm water drainage, signage.. water distribution, waste water collection, and other improvements to or affecting the Landowner Lands.

3.	Prelimina1·y and final plats ancVor site plans for the Landowner Lands.

4.	Architectural   plans   and   specifications   for   buildings   and·  other

improvements to the Landowner Lands, other than those associated with homebuilding and home constmction.

5.	Permits,  approvals,  agreements,  resolutions,  variances,  licenses,  and

franchises and applications therefor whether approved or in pl'ocess pending before or granted by governmental authorities, or any of their l'espective agencies, for 01· affecting the development of the Landowner Lands or the Series 2017 Project and constrnction of improvements thereon.

6.	Contracts with engineers, architects, land planners, landscape architects,

consultants, contractol's, and suppliers for 01· !'elating to the development of the Landowner Lands or the Series 2017 Project or the constrnction of improvements thereon (other than those associated with homebuilding or home constmclion), together with all warranties, guaranties and indemnities of any kind or nature associated therewith.

7.	Fmncbise or othe1· agreements for tbe provision of water and waste water

service to the Landowner Lands, a11d all hookup fees and utility deposits paid by Landowner in connection therewith.

8.	Permit  fees,  deposits  and  other  assessments  and  impositions  paid  by

Landownel' to any governmental authority	and capacity reservations, impact fee credits

and othe1· credits due to Landowner from any governmental imth01ity or utility provider to the extent tha! the impmvements for which such credits are granted wem financed by the Distl'ict, including credit for any dedication or contribution of Landowner Lands by Landowner in connection with the development of Assessment Area 1 or the constrnction of improvements thereon.

9.	All  future  creations,  changes,  extensions,  rev1s10ns,  modifications,

substitutions, and replacements of any of the foregoing m\d any guarnntees of perfo1mance of obligations to Landowner arising thereunder by any means, including, but not limited lo, pursuant to governmental requh:ements, administrative or formal action by third parties, or written agreement with governmental authorities or third parties.

B.	This Assignment is not intended to and shall not impair or interfere with

the development of As.~essment Area 1, including, without limitation, any purchase and sale agreements for lots subject to a plat and/or site plan or land intended to be made subject to a pJal and/or site plan (the "Builder Contracts"), and shall only be inchoate and shnll become an effective and absolute assignment and assumption of the Development and Contract Rights upon failure of the Landowner to pay lhe Series 2017 Assessments levied against the Landowner

Collateral Assignment	4

Lands, and the Tl'llstee or its ai;signee acquires any Landowner Lands as a result of its exercise of its Remedial Rights; provided, however, that such assignment shall only be effective and absolute to the extent that this Assignment has not been terminated earlie1· pursuant to the lenns hereof,

C.	If  this  Assignment  bas  not  become  absolule,  ii  shall  automaticaUy

terminate upon the earliest to occur of the following events: (i) payment of the Series 2017 Bonds in foll; (il) Development Completion; and (iii) upon a Piior Transfe1· as to the portion of the Landowner Lm1ds which al'e subject to the Prior Transfer (herein, the "Term"), Without limiting the fot'egoing, upon a Prior Transfer, the portion of the Landowner Lands so transferred shall be deemed released aL1tonmtically from the terms, scope and encumbrance of this A'>signmeut, whether or not the Tenn has expired as to any other portion of the Landownel' Lands and without any written release or certification being required from the Distdct or any other person or entity, and any transferee and title examiner may rely on the foregoing automatic release in insuring Litle to such portion of the Landowner Lands so transfoned wilhout making exception for thi:,; Assignment. At Landowner's request from time to time, District and Landowner will record a notice 01· other appropriate inst1·umen1 in the Public Records of Clay County, Florida, confirming the end of the Tenn or the release of any property encumbered by this Assignment (and any other instrument encumbering the prope1ty of Landowner), subject to the reasonable approval of the District and subject to conformance with the Series 2017 Pr~ject and documents applicable thereto.

SECTION 3.  LANDOWNER W ARUANTIES. The Landowner represents and warrants to the

now or hereafter executed by the Landowner:

A, Othel' than pursuant to the Builder Co11tracls, the Landowner has made no assignment of the Development and Contract Rights to any person other than the District.

n. To the actual knowledge of the Landowner, the Landowner has not done any act or omitted to do any act which will prevent the District from, or limit the District in, acting under any of the provisions hereof.

C.	To the actual knowledge of the Landownel', there is no material default

under the terms of the existing Contract Documents, subject to any notice and cure periods, and all such Contract Documents t·enmin in full force and effect.

D.	The Landowner is not prohibited under agreement ,-~,ith any other person

or under any judgment or deciee from the execution, delive1y and performance of this Assignment.

E.	No  action  has  been  brought  or  th1·eatened  which  would  in  any  way

interfere with the right of the Landowner to ex.ecute this Assignment and perform all of it." obligations herein contained.

F.	Any transfer, conveyance or sale of the Landowner Lands (other than a

Prior Transfer) shall subject any and all. affiliated entities or successors-in-interest of the Landowner to this Assignment.

Collateral Assignment	5

SECTION 4. LANDOWNER COVENANTS. The Landownel' covenants with the Disll'ict that dul'ingthe Term:

A.	The Landowner will use reasonable, good faith effmts to: (i) cause to be

fulfilled, performed, and observed each and every material condition and covenant of the Landowner relating to !he Development and Contract Rights, including, but not limited to, any material changes in the Development and Contrnct Rights; and (ii) give notice to the Disllicl of any claim of material default relating to the Development and Contract Rights given to or by the Landowner, together with a coh1plete copy of .my such claim.

B.	In   the   event   of  tile   institution   of  any   involuntary   bankrnptcy,

reorga1dzation or insolvency proceedings against the Landowner or the appointment of a receiver or a similar official with respect to all or a substantial patt of the prnperties of the Landowner, the Landowner shall endeavor in good faith to have such pmceedings dismissed or such appointment vacated within a period of one hundred and twenty (120) days.

SECTION 5. DISTRICT OBLIGATIONS. Nothing herein shalt be constmed as an obligation on the part of the District lo accept any liability for all or any portion of the Development and

Contract Rights unless it chooses to do so in its sole discretion, nor shall atly provision hereunder be construed to place any liability or obligation on the District for complim1ce with the terms and provisions of all Ol' any portion of the Development and Contmct Rights.

SECTION 6, EVENT(S) OF DEFAULT. Any breach of the Landowner's WatTanties contained in Sec1io11 3 he1·eof 01· hl'each of covemmts contained in Section 4 hereof, shall, after the giving of notice and an opportunHy to cure (which cure period shall not be less than sixty

(60) days, and shall not be construed to extend any other cure periods provided heretmder, unless the District, in its sole discretion, agrees to a longer cure period) constitute an event of default (hereinafter referred to as an "Event of Default") under this Assignment.

SECTION 7. REivJEDIES UPON EVENT(S) OF DEFAUl,T.   Upon an Event of Default, the
District or the Disll'ict's designee may, as the District's sole and exclusive remedies under this Assignment (and separate and apart from any Remedial Rights or other rights 1>rovided by law), take any or all of the following actions, at the District's option:

A.	Perform  any  and  all  obligations  of  the  Landowner  relating  to . !he

Development and Contract Rights and exercise any and all rights of the Landowner therein as fully as Landowner could;

B.	Initiate,  appear  in, or defend  any action  arising out  of or affecting the
Development and Contruct Rights;

C.	Sue for, or otherwise collect and receive, monies due m1der the Contl'act

Documents, including those past due and unpaid, and apply the same against all costs and expenses of collection and then against all costs and expenses of operation of the Landowner Lands or the performance of the Landowner's obligations under the Contract Documents. Neither entry upon and taking possession of the Landowner Lands nor the collection of monies due under the Contract Documents shall in any way operate to ct1re or waivo any default under any instrument given by the Landowner to the District, or pmhibit the taking of any other action

Collateral Assignment	6

by District under any such instrument, or at law or in equity, to enforce payment of the obligations secured hereby 01· to realize on any other security; and

D.	After  the  Landown.el''s  receipt  of  a  demand  notice  from  the  District

following an Event of Default, the Lm1downer will use reasonable, good faith effmts at the sole cost and expense of the Landowner to (i) enforce the performance and observance of each and every material covenant and condition of the Contract Document,; to be pel'formed or observed; and (ii) appear in and defend any action h1voMng the Contract Documents or the obligations or liabilities of the Landowner or any guarantot· thereunder. Also to be effective upon the occurrence of an Event of Default, and after Landowner's receipt of a demand notice from the District following an Event of Default, the Landowner will neither modify the terms of the Contract Documents in any material respect (unless required so to do by the tenns thereof or to comply with documents executed in connection with the issuance of the Series 2017 Bonde;) nor waive 01· release any person from the performance of any obligation to be petformecl under the terms of the Contract Documents or from liability on account of any warmnty given by such person, without the prior consent of the Dist.-ict, which consent shall not be unreasonably withheld, conditioned or delayed. Notwithstanding the fm"Bgoing, the Landowner will not at any time take any action (01· omit to take any action) with respect to the Development and Contrncl Rights that materially and adversely affects the rights of the District and the holders of lhe Series

2017Bonds.

SECTION 8. AUTl-IORIZA'l'lON. Upon the occurrence of and during the continuation of an Even! of Default, the Landownel' does hereby authorize and shall direct any party lo any agreement relating to the Development and Contract Rights to tender perfonnance thereunder to !he District upon written notice and request from the District. Any such performance in favo1· of the Distdct shall constitute a full release and discharge to t1le extent of such pe1formance as fully as though made directly to the Landowner.

SECTION 9. SECURITY AGREl~MENT. Subject to the terms of this Assignment, this Assignment shall be a security ag1·eement betwee11 the Landowner, as the debtor, and the District, as the secured party, covering the Development and Contract Rights and Conti-act Documents that constitule persona] pl'Ope1ty governed by the Florida Uniform Commercial Code (the "Code"). and the Landowner grants to the Distlicl a security interest in such Development and Contract Rights and Contract Documents. Notwithstanding the foregoing, the District shall not be entitled to exercise any right as a secured party, including, without limitation, the filing of any and all financing statements, until the occurrence of an Event of Default hereunder, subject to any applicable notlce and cure period.

SECTION 10. AMENDMENTS. This Agreement shall constitute the entire agreement between the parties regarding the subject matter hereof and may be modified in writing only by the mutual agreement of the parties hereto, and with the prior written consent of the tmstee for the Series 2017 Bonds (the "Trustee"), acting at the direction of the holders owning a majority of the aggregate principal amount of the Series 2017 Bonds then outstanding.

SECTION 11. SUCCRSSORS; THIIm PARTY BENEFICIARIES. 111is Assignment is solely for the benefit of the District and the Landowner and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third pat'ly not a formal party to this Assignment. Nothing

Collateral Assignmenl	7

in this Assignment expressed or implied is intended or shall be constrned to confer upon any person or corporation other than the District and the Landowner any right, remedy, or claim under or by reason of this Assignment m· any of the provisions or conditions of this Assignment; and all of the provisions, representations, covenants, and conditions contained ln this Assignment shall inure to the sole benefit of and shall be binding upon the District und the Landowner and their respective representatives, successors, and assigns., subject to the provisions hereof regarding the automatic l'elease of portions of the Landowner Lands berefrom upon a Prior Transfer thereof. AL,;o notwithstanding anything herein to the contrary, the Tmstee, on behalf of the holders of the Series 2017 Bonds, shall be a direct thil'd party beneficiary of the terms and conditions of th.is Assignment and shall, acting at the direction of the holders owning a majority of the aggregate principal amount of the Series 2017 Bonds then outstanding, be entitled to cause the District to enforce the Landowner's obligations hereunder. The Truslee ha..c; not assumed any obligations hereunder.

In the event thal either parly is required  to enforce this

Assignment by court proceedings or otherwise, !hen the pal'ties agree that the prevailing party shall be entitled to recover from the other all fees and costs incurred, including reasonable attorneys' fees and costs for trial, alternative dispute resolution, or appellate proceedings.

SECTION 13. AUTHORIZA110N. The execution of this Assignment has been duly authorized by the a1>propl'iate body or official of the District and the Landowner; both the District and the Landowner have complied with all the requirements of law with respect to the executories of this Assignment; and both the District and the Landowne1· have full powet· and authority to comply with tl1e terms and provisions of this instrument.

SECTION 14. NO'l'ICF..S. All notices, requests, consents and other communications under this Assignment ("Notices") shall be in writing and shall be delivered, mailed by Fil'st Class Mail, postage prepaid, m overnight courier delivery service, to the pal'tics, as follows:

A.	If to the District:	Annstrong Community	
		Development District	
		475 Wesl Towu Place, Suite 114	
		St. Augustine, Flol'ida 32092	
		Attn: District Manager	
	With a copy to:	Hopping Green & Sams, P.A.	
		119 South Monroe Street, Suite 300	
		Tallahassee, Florida  3230 I	
		Alln:  Katie S. Buchanan	
B.	If to the Lando"•ne1·:	Greyhawk Venture, LLC	
		7807 Baymeadows Road East, Suite 205	
		Jacksonville, FJolida 32256	
		Attn: Edwat·d E. Burr	

Collaleral Assignmenl	8

With a copy to:	Feldman & Mahoney, P.A.

2240 Belleair Road, Suite 210

Clearwater, Florida 33764 Attn: Donna J. Feldman

Except as otherwise provided in (his Assignment, any Notice shall be deemed received only upon actual delivery at the address set forth above. Notices delivered after 5:00 p.m. (at tbe place of delivery) or on a non-business day, shall be deemed received on the next busine.-.s day. If any time for giving Notice contained in this Assignment would otherwise expire on a non-business day, the Notice period shall be extended to the next succeeding business day. Saturdays, Sundays, and legal holidays recognized by the United States government shall not be regarded as business days. Counsel for the District and counsel fo1· the Landowner 1uay deliver Notice on behalf of the District and the Landowner. Any pa1ty or other person to whom Notices am to be sent or copied may notify the other parties and addl'essees of any change in name or address to which Notices shall be sent by providing the same on five (5) days wt·ilten notice to the patties and addressees set forth herein.

SECTION 15. ARM'S LENGTH TRANSACTION. This Assignment has been negotiated fully between the District and the Landowner as an arm• s length transaction. Both parties participated fully in the preparation of this Assig111ne1u and received the advice of counsel. 11) the case of a dispute concerning the interpretation of any provision of this Assignment, both parties are deemed to have drafted, chosen, and selected the language, and the doubtful language will not be interpreted or construed against either the District 01· the Landowner.

SECTION 16. APPLICABLE LAw AND VENUE. This Assignment and tlie provisions contained herein shall be construed, interpreted and controlled accol'ding to the laws of the State of Florida. Venue shall be in Clay County, Florida.

SECTION 17. PUBLIC RltCOUDS, The Landowner underntands and agrees that all documents of any kind provided to the District in connection with this Assignment may be public recol'ds and treated as such in accordance with Florida law.

SECTION 18. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Assignment shall not affect the validity or enforceability of the 1·emaiuing portions of !his Assignment, or any part of this Assignment not held to be invalid or unenfo1·ceable.

SECTION 19, LIMITATIONS ON GOVEJtNIWENTAL LIAIUl,ITV. Nothing in this Assignment shall be deemed as a waiver of immunity or limits of liability of the District beyond any statutory limited waiver of immunity or limits of liability which may have been adopted by the Florida Legislature in Section 768.28, Florida Sta111Jes, or otber statute, and nothing in this Assignment shall inure to the benefit of any third party for the purpose of allowing any claim which would otherwise be barred by so-vereign immunity or by other operation of law.

Coll,1teral Assignment	9

SECTION 20, CONSTRUCTION. The descriptive headings in this Assignment are for convenience only uml shall not control nor affect the meaning or constmction of any of the provisions of this Assignment.

SECTION 21. CouNTERPARTS. This Assignment may be executed in any numbel' of countm·parts, each of which when executed and delivered shall be an original; however, all such counterparts together shall constitute, but one and the same instrument. Signature and acknowledgme11t pages, if any, may be detached from the counterparts and attached to a !tlngle copy of this document to physically form one document.

SECTION 22, EFFECTIVE DA'l'E, This Assignment shall be effective after the last date of execution by the parties hereto on the date reflected above.

Collateral Assignment	10

IN WnNESS WHEREOF, the Landowner and the Distl'lct have caused this Assignment to
. be executed and deJiveJ·ecl on the day and year first Wl'itten nbr;,\;e,

WITNF..SSES:	GREYiIAWK VENTUJlE,LLC, a Florida
limited liubility company

Witness Signature
Printed name: .\20,.k S.. 'B1..'.\,c.\-,1.>,ytc,.--..

STATE OF FLORIDA	)
COUNTY OP	Ct4v	)
I

The foregoing i11strnmo11t was acknowledged before me (his~ay of September. __, 20.17, by Michael Taylor as Vice President ofG.myhawk Ventui;e. LLC, for and on behalf of said entity. He [X ] is personally lmm\'ll to- me 01· [] pl'Oduced ________ as identification.

!

NOTARY STAMP:

Printed Name of Notary Public

<:ollatern! Assignmcnl	11

ARMSTRONG COMMUNITY

DE\'V.l.OPMENTDISTRICT

- elth~upervisors t.1.ts11,i~ i"1,c,e"""t,.,.,,,;

Witness Siguature
Printed name:,~...,,. ~h-e  S ;••;--'X-dth.o.'li~

STA TE OF FLORID///	)	
COUNTY OF	UM-../	)	
/

The foregoing instmment was nck11owledged befol'e me thi~~ay of September __, 2017, by __________~-·• as Chail'man ofthe Board of Supervisors of the Armstrong Community Development District, fol' and on behalf of the Disirict She/He [] is personally kimwn to me ot [] produced ____ ____ as idei1lification.

NOTARY STAMP:

•%"::,r,,,	JAMES I\. rERRV	
~~~	Notary Puhl!& • Slatri or florlda	
·iMy comm. Explflis Sep 14. 20l8 .     Ptinted Na,ne ofNotary Public
~	Commission # FF 15952 Ii	[	
	Bontled lbiOOgh Nali!lllal 'lot.11 V /,<• •  .	
, ...____1"'"1i_.-..i>•_...,_,.,r~:•-••~•-		

Coliateml J\ssignmenl	12

EXHIBIT A

PaL"cel "A"

A portion of Loi L, Armstrong Plat, Clay County, Florida, according to plat thereof recorded in Plat Book 59 pages 34 through 38 of the public, records of said county, said portion being more pa1ticularly described as follows:

Commence at the northwest comer of said Lot I; thence on the north line thereof, North 87 deg1·ees 38 minutes 38 seconds East, 2924.57 feet to the east line thereof; thence on said east line, South 02 degrees 14 minutes 51 seconds East, 283.24 feet to the point of beginning; thence South 76 degrees 16 minutes 03 seconds West, 137.18 feet; thence North 77 deg1·ees Ol minutes 38 seconds West, 58.12 feet; thence South 87 degrees 49 minutes 35 seconds West, 127.71 feet; thence South 53 degrees 04 minutes 15 seconds West, 17.54 feet; thence northwesterly, along the at'Cof a curve concave southwesterly and having a radius of 55.00 feet, an arc distance of 23.12 feet, said arc being subtended by a chord bearing and distance of North 80 degrees 19 milmtes 05 seconds West, 22,95 feet: thence South 87 degrees 38 minutes 13 seconds West, 416.86 feet;
thence South 0 I degree 46 minutes 00 seconds East, 60. I 6 feet;	thence South 88 deg1·ees 14	
minutes 00 seconds West, 110.00 feet;	thence North	84 degrees 37 minutes 42 seconds West,	
50.39  feet;   thence  South  88  degrees	14  minutes	00  seconds	West,  121.68  feet;  thence	
1~01thwestel'ly, along the arc or a curve concave southwesterly and having radius of 65.00 feet, an arc distance of 87.95 feet, said arc being subtended by a chm'CI bearing and distance of North 53 degrees 36 minute Ol seconds West, &1.39 feet; thence South 87 degrees 38 minutes 13 seconds West, 362.10 feet; thence South 02 degrees 21 minutes 47 seconds East, 86.36 feet; thence southwesterly, along the arc of a curve concave southeasterly and having a t·adius of290.00 foot, an arc distance of 476.87 feel, said arc being subtended by a chord bearing and distance of South 37 degrees 19 minutes 08 seconds West, 424.93 fuet; thence South 09 degrees 47 minutes 21 seconds East, 394.98 feet to the north line of Royal Pines Drive, according to plat thereof recorded in Plat Book 59 pages 27 through 33 of the public records of said county; thence on said north line, nm the following 7 cout'ses: l) N01th 85 degrees 23 minutes 11 seconds East, 377.55 feet: 2) not'theastel'ly, along the arc of a cmve concave nmthwesterly and having a radius of 960.00 feet, an arc distance of 415.36 feet, said arc being subtended by a chord bearing and distance of North 72 degrees 59 minutes 29 seconds East, 412.12 feet; 3) North 60 degrees 35 minutes 48 seconds East, 265.L9 feet; 4) northeasterly, along the arc of a curve concave southeasterly and having a radius of 540.00 feet, an arc distance of 255.98 feet, said arc being subtended by a chord bearing and distance of North 74 degl'ees 10 minutes 35 seconds East, 253.59 feet; 5) North 87 dcgl'ees 49 minutes 35 seconds East, 232.33 feet; 6) North 79 degrees 54 minutes 50 seconds East, 108.97 reet; 7) North 87 degrees 49 minutes 35 seconds East, 99.93 feet to said east line of Lot I; thence on said east line, North 02 degrees 14 minutes S 1 seconds West, 509.30 feet to the point of beginning; being 24.50 acres, more or less, in a1·ea.

Parcel "B"

A portion of Lot 2, Armstrong Plat, Clay County, Flmida, according to plat thereof recorded in Plat Book 59 pages 34 thrnugll 38 of the public records of said county, said 1,arcel being more pal'ticularly descl'ibed as follows:

Begin at the northeast corne1· of said Lot 2; thence on the south line of Royal Pines Drive according to plat thereof t·ecot'ded in Plat Book 59, pages 27 through 33 of the public 1·ecords of said county, rnn the following 7 courses: 1) South 87 degrees 49 minutes 35 seconds West, 99.66 feet; 2) North 84 degrees 24 minutes 30 seconds West, l l l .02 feet; 3) South 87 degrees 49

Collnteral Assignment	13

minutes 3 5 seconds West, 230.17 feet; 4) southwesterly along the al'C or a curve concave southeasterly and having a t'aclius of 460.00 feel, an arc distance of 218.05 feet, said arc being subtended by a chord bearing and distance of South 74 degrees IO minutes 35 seconds West, 216.02 feet; 5) South 60 degrees 35 minutes 48 seconds West, 265, 19 feet; 6) southweste1•Jy along the arc of a curve concave northwesterly and having a rndius of 1,040.00 feet, an al'c distance of 449.97 feet, said a1·c being subtended by a chol'd bearing and distance of South 72 deg1·ees 59 minutes 29 seconds West, 446.47 feet; 7) South 85 degrees 23 minutes l J seconds West, 89.19 feet; thence South 07 deg1·ecs 26 minutes 25 seconds East, 381.81 feet to the nol'lh line of Uphmd Buffer No. 3, as per Official Recot·ds Book 2937, page 184 of said public l'ecords; thence on the boundaries thereof, run the following 35 courses: I) No11h 74 degl'ees 18 minutes 55 seconds East, 86.30 feet; 2} South 64 degrees 54 minutes 30 seconds East, 11.95 feet; 3) South 15 degt-ees 4 I minutes 05 seconds East, 13.51 feet; 4) South 28 degrees 08 minutes 32 seconds West, 10.95 feet; 5) South 67 degrees 27 minutes 53 seconds West, 13.37 feet; 6) South 16 degrees 42 minutes 03 seconds West, 2.70 feet; 7) southeasterly along the arc of a C\ll've concave nm·lheasterly and having a radius of 710.00 feet, an arc distance of 129.66 feet, said arc being subtended by a chord bearing and distance of South 39 degrees 16 minutes 04 seconds East, 129.48 feet; 8) South 44 degrees 29 minutes 57 seconds East. 33.36 feet; 9) southeasterly along the arc of a cut·ve concave southwesterly atul having a radius of 640.00 feet, an arc distance of 174.04 feet, said arc being subtended by a chord bearing and distance of South 36
degrees 42 minutes	31 seconds	East,  173.51 feet;	10) South 49 degrees 01	minutes 59 seconds	
East, 33,04 feet;  11) South  15	degrees 03 minutes 28 seconds East, 56.&I	feet;  12) South 32	
degrees 03 minutes	24 secor,ds East, 64.97 feet;	13) South 17 degrees 42	minutes 30 seconds	

East, 27.60 feet; 14) southeasterly along the arc of a cm·ve concave northeasterly and having a radius of 1,055.00 feet, an arc distance of 150.14 feet, said arc being subtended by a chord beal'ing and distance of South 33 degrees 09 minutes 01 seconds East, 150.01 feet; 15) South 76 degrees 06 minutes 51 seconds East, 23.87 feet; 16) Notth 89 degrees 21 minutes 44 seconds East, 47.98 feet; 17) South 58 degrees 19 minutes 30 seconds East, 58.99 feet; 18) South 55 degrees OJ minutes 32 seconds East, 38.19 feet; 19) South 76 degrees 30 minutes 46 seconds
East, 42.61  feet; 20)	South 76 degrees 55 minutes 47 seconds East, 60.65 feet; 21) South 45	
degrees 35 minutes 34 seconds East, 109.11  feet; 22) souri1easterly, along the al'C of a curve	
concave southwestel'I)• and having a radius of 175.00 feet, and arc distance of 40.67 feet, said arc	
being subtended by a chord bearing and distance of South 38 degt·ees 57 minutes 53 seconds	
East, 40.58 feet; 23)	South 13 deg1·ees 51  minutes 33 seconds East, 62.93 feet; 24) South 0 I	
degrees OI minutes	13 seconds East, 2.99 feet: 25) South  13 degrees 16 minutes 05 seconds	
West, 71.73 feet; 26) South 65 degrees 02 minutes 43 seconds West. 4.41 feet; 27) South 80	
degrnes 12 minutes 08 seconds West, 87.51 feet; 28) South 87 degrees 58 minutes 33 seconds	

West, 61.91 feet; 29) North 84 degrees 39 111im1tes 04 seconds West, 79.56 feet; 30) North 82 degrees 17 minutes 36 seconds West, 65.&4 feet; 31) South 88 degrees 28 minutes 44 seconds West, 63,57 feet; 32) South 45 degt'ees 08 minutes 39 seconds West, ,57.44 feet~ 33) Sot1th 45 degrees 02 minutes 15 seconds West, 41.12 feet; 34) South 21 degrees 46 minutes 07 seconds West, 83.30 feet; 35) South 12 degrees 48 minutes 36 seconds East, 38.35 teet to the south line of said Lot 2; thence on said south line, North 88 degrees 58 minutes 49 seconds East. 1211.38 feet; thence North 32_degiees 34 minutes 03 seconds West, 97.29 feet; thence Nmth 49 degrees 52 minutes 06 seconds East, 21.02 feet; thence North 24 degrees 5 l minutes 43 seconds East, 38.67 feel; thence Nortl1 21 degrees 57 minutes 24 seconds East, 50.59 feet to the south line of Upland Buffer No. 1 as per Official Records Book 2937, page 184 of soid public records; thence

Collalernl Assignment	14

on the boundaries thereof, run the following 41 courses: I) North 68 degrees 01 minute 06 seconds West, 14.94 feet; 2) North 21 degrees 57 minutes 22 seconds East, 44.09 feet; 3) North

26 degrees 54 minutes 26 seconds East, 75.06 feet;	4) Nol'lh 26 degrees 17 minutes 55 seconds	
East, 80.98	feet;	5) Nol'th 20 degrees  16  minutes  18 seconds East,  16.17 feet;	6) North 21	
degrees 21	minutes 43 seconds West, 70.52 feet;	7) North 26 degrees 51  minutes 08 seconds	
West, 44.31	feet;	8) North 55 degrees 32 minutes  15 seconds West, 57.54 feet;	9) South 69	
degrees 47 minutes 24 seconds West, 38.54 feet;	10) North 69 degrees  17 minutes 51 seconds	
West, 97.25 feet;	11) South 85 degrees  14 minutes 35 seconds West, 74.89 fuet;	12) South 85	
deg1-ees 14 minutes 35 seconds West,  122.59 feet;	13) South 62 degrees 33 minutes 09 seconds	
West, 73.37 feet;	14) South 79 deg1·ees 19 minutes 39 seconds West, 133.11 feet;	15) Soullt 78	
degrees 02 minutes 51 seconds West, 54.33 feet;	16) South 60 degrees  12 minutes 49 seconds	
Wesl, 20.95 feet;	17) South 85 degrees 54 ini1mtes 26 seconds West, 30.98 feet;	18) Nol'tl\ 63	
degrees 20 minutes 02 seconds West, 22.00 feet;	19) North 63 degrees 24 minutes OI seconds	
West, 60.46 feet; 20) North 45 degrees 35 minutes 34 seconds West, 9.54 feet; 21) Norlh 02 degrees 09 minutes 34 seconds East, 17 .17 feet; 22) North 20 degrees 50 minutes 35 seconds West, 68.84 feet; 23) North 19 degrees 35 minutes 27 seconds West, 43.72 feet; 24) North 10 degrees 37 minutes 12 seconds West, 59.62 feet; 25) thence North 06 deg1·ees 08 minutes 05 seconds West, 56.57 feet; 26) Nol'th 22 degrees 01 minutes 58 seconds East, 33.52 feet; 27) no11heastedy along the m·c of a curve concave southeasterly and having a radius of 315.00 feet. an arc distance of 122.12 feet, said arc being subtended by a chord beating and distance ofNorth 33 degrees 08 minutes 20 seconds East, 121.36 feet; 28) North 52 degrees 50 minutes 04 seconds East, 16.18 feet; 29) North 55 degrees I 5 minutes 12 seconds East, 45.88 feet; 30) North 64 degrees 28 minutes 21 seconds East, 54.73 feet; 31) North 63 degrees 17 minutes 49 seconds East, 37.28 feet; 32) Nmth 51 degrees 40 minutes 47 seconds East, 28.96 feet; 33) North 65 degrees 50 minutes 11 seconds East, 53.85 feet; 34) North 79 degrees 32 minutes 09 seconds East, 32.66 feet; 35} North 73 degrees 45 minutes 29 seconds East, 57.66 feet; 36) North 65 degl'ees 08 minutes 03 seconds East, 36.47 feet; 37) North 71 degl'ees 59 minutes 57 seconds East, 48.00 feel; 38) North 76 degrees 48 minutes 36 seconds East, 50.02 feet; 39) South 86 degrees 31 minutes 33 seconds East, 30.74 feet; 40) North 86 degrees 57 minutes 14 seconds East, 40.82 feet; 42) South 76 degrees 32 mitllltes 34 seconds East, 10.58 feet to the enst line of said Lot 2; thence on said east line, North 02 degrees 13 minutes 02 seconds West, 726.66 feet to the point of beginning; being 37.78 acres. more or less, in area.

Collaternl Assigmnent	15

40.QJ'f<	https://70.61.217.1		
adrece1pl'			

3513 US. Hwy. 17 • Fleming Island, FL 32003	1102 A1A I\\Jl1!1, Unil 108 • Pa1le \le1la Beacll, R. 32082	
Phone: (004) 264-3200	Phone: (904) 285-8831	

Advertising Invoice

		ARMSTRONG CDD C/O GMS, LLC				CuBt#:989731								
		475 WTOWN PL# 114								Ad#:273464								
		ATTN: SARAH SWEETING								Phone#:904-940-5850						
		ST AUGUSTINE, FL 32092								Date:08/21/2017								
																				
	Salespc rson: Cllty Legals			Classification: Legal Notice				Ad Size:  1.0 x 5.000		
																						
	Advertisement Information:																	
ii	._Description		JI	. ts~r_t   [  . S~op   -ii													
					}~. ___[  __«;ost/Day	- JI			Total  ' -		
ilf.~_J'oday	11	os1~[~011[9~2412011 !I	.. _..1 __   [ ____ 61.so	_, 11__, ___  67.50_ .. -		
																					
	Payment Inlormation:																	
	Date:	Order#	Type													
08/21/2017				273464	BIILED ACCOUNT													
																			
															Total Amount: 67.50		
															Tax:			0.00			
															Amount Due:	67.50			

Attention: Requests for credits or refunds for early cancellations must be made within 90 days.

Ad Copy
Notice of Meeting  ·
Armst1•mig Community
Development l>istrict

The regular meellng or the Boan! of Supe,'Vis<n's or lhe Al'mstmng

Commttnl()> Dtwelopn,ont Dlstrlcl wm be .held on \\7ednoWny,
September o, 2017 el 3:30 p.m.at Ibo
Eagk!  Landing  Salt>•  Center. 39i3
E,,g)e	Landing  Pat'kwoy,   Orn-
P•rk, Florida, 320611. The mecllng Is open to the public and will be oondu,led hi ru,oorda,..,.. with lh• pro\•isi.ons of Florida LllW tOl·

COlnnmlllty Development Districts. A oopy of the •f.<mda for tht. ,neoting ,m,y be ablaiood &om the District Manage,, at 471> \Vest 'fown !'la"", Suile 114, St. Augustine. h'L 32092
(and	phon,o  {9041  9\10-61150,.   'i'hl•
. meeting n10r b• C<1Dlhmed to n dale, time. and plaee lo be speelfied on the reeord Ql lbe meeting. There .ma.y
be  OCC"dSioHs   iv1um  one  or  lllore
Su1:ioJ'\1 iSOl'ft wnl PPrlir:ip11le b).y tclophon.,_

Any petsoH 1-c:quiring _ .s.pcclal aewmmoda'lioas at Dais mcetiug beou,,.., of • disobility .,,- ph,sic.111 ilnpairmeni al1ould oontact the

Distrlot omoo at lG04) !MO-l\8llll at loasl two ealemlar d,iy,; prio,· to the n1ecth1g, tr yu11 are hen1·htg Pr ape~h
impu.tred 1  please <mut••et the Florid::t
Relay Service at 1-l!00-955-11'/70. ror aid In conlaclingthe Dist,·iot Of'flee.

~b person who decides to appeal auy acthrn 'lakeaut these mee.Ungs is advised that persot1 wU I :need a reeord of the p1-oco.-dings mid th.at aceo.rdi1agly, the porson 1nny .ru:red to

RECEIVED SEP o5 2017

aoout:1>1an1<

PUBUSHER AFFIDAVIT

CLAYTODAY
Published Vkekl.y
Orange Park, Florida

STATE OF FLORIDA

COUNTY OF CLAY:

Before the undersigned authority personally appeared Jon Cantrell, who on oath says that he is the publisher of the ''Clay 'lbday" a newspaper published weekly at Orange Park in <;:lay County, Florida; that the attached copy of advertisement being a

NOTICE OF MEETING

in the matter of

SEPT6 MEETING

LEGAL: 40218	ORDER: 273464

was published in said newspaper in the issues:

08/24/2017

Affiant further says that said ''Clay Today" is a newspaper published

at Orange Park, in said Clay County, Florida, and that the said newspaper has heretofore been continuously published in said Clay Co1mty, Florida, weekly, and has been entered as Periodical material matter at the post office in Orange Park, in said aay County, Florida, for period of one year next proceeding the first publication ofthe attached copy of

advertisement; and affiant further says that he has neither paid nor promised any person, firm or corporation IIDY discount, rebate, commission or refund for the purpose of securing this amertisement for publication in
the said new.;paper.

3515 US HWY 17 Suire A, Fleming Island FL 32003

Telephone {904) 264-3200 - FAX (904) 264-3285
E-Mail: Chrmie@opcfta.com

1 of 1	8/21/2017 3:52 PM

Governmental Management Services, LLC	Invoice		
1001 Bradford Way			
Kingston, TN 37763			
Invoice #:	16		
Invoice Date:	9/1/17		

Due Date:  9/1 /17

Bill To:	Case:		
			
P.O. Number:
Armstrong CDD
475 West Town Place
Suite 114
At. Augusltne, FL 32092

Description	Hours/Qty	Rate	Amount		
					
Management Fees September 2017		3,750.00	3,750.00		
Information Technology- September 2017		125.00	125.00		
Website Administration September 2017		83.33	83.33		
Office Supplies		20.00	20.00		
Postage		18.45	18.45		
Copies		335.25	335.25		
Telephone		15.56	15.56		

Total	$4,347.59	
		
Payments/Credits	$0.00	
		
Balance Due	$4,347.59	

Hopping Green & Sams

Attorneys and Counselors

119 S. Momoe Street, Ste. 300
P.O. Box 6526
Tallahassee, FL 32314
850,222.7500

=================================	STATEMENT=================================

	August 31, 2017		
Armstrong Community Development Disbict	Bill Number	95719	
c/o GMS, LLC	Billed through	07/31/2017	
4 75 West Town Place, Suite 114			
St. Augustine, FL  32092			

General Counsel				
ARMCDD	00001	KSB			
FOR PROFESSIONAL SERVICES RENDERED			
07/03/17	KSB	Prepare affidavit of mailing and confer with Stephens.	0.30 hrs	
07/06/17	KSB	Review tentative agenda; confer with district manager.	0.70 hrs	
07/06/17	KEM	Confer with district manager regarding affidavit of mailing.	0.10 hrs	
07/07/17	KSB	Confer with GreenPointe regarding appointment of representative.	0.30	hrs	
07/07/17	KEM	Prepare general location map,	0.10	hrs	
07/10/17	KSB	Confer with Taylor regarding appointment of new supervisor; confer with	a.so hrs	
		district manager.			
07/12/17	KSB	Prepare for, travel to and from, and attend board meeting.	6.00	hrs	
07/13/17	KSB	Perform meeting follow up.	0.30 hrs	
07/17/17	KSB	Confer with district manager; perform meeting follow up.	0.50	hrs	
07/19/17	KSB	Confer with Fulks regarding estoppel request; confer with Feldman regarding	0.70	hrs	
		funding requests; review tentative agenda.			
07/24/17	KSB	Confer with Ayers regarding request for public records; review correspondence	0.70	hrs	
		from Florida Auditor General; confer with district manager regarding annual			
		financial report.			

07/25/17	KSB

07/26/17	KSB

07/26/17    KEM

07/31/17	KSB

Continue to confer with Ayers regarding public records request.	0.30	hrs	
Review district issues; confer with Taylor; confer with district manager.	0.80	hrs	
Prepare deed and easement.	0.10	hrs	
Prepare confirmation of intent to own and operate surface water management	2.70	hrs	
system; revise agenda; confer with district manager; prepare appropriation			
resolution; prepare funding agreement; confer with Vincent.			

Total fees for this matter	$3,556.50	

General counsel	Bill No.  95719			Page  2	
-------====--======-======================================-----------------------------			
DISBURSEMENTS					
Travel - KSB to Orange Park, FL 7/11-12/17			99.64	
PCARDS/ Sunoco Gas 7/13/17; Travel - KSB to Orange Park, FL 7/11-12/17		17.36	
AVIS/627004556; Travel - KSB to Orange Park, FL 7/11-12/17			52.04	
Travel - Meals - KSB to Orange Park, FL 7/11-12/17			8.24	
Total disbursements for this matter				$177.28	
MATTER SUMMARY					
Ibarra, Katherine E. - Paralegal	0.30 hrs	125 /hr	$37.50	
Buchanan, Katie S.	13.80 hrs	255	/hr	$3,519.00	
	TOTAL FEES			$3,556.50	
TOTAL DISBURSEMENTS			$177.28	
INTEREST CHARGE ON PAST DUE BALANCE			$9.82	
TOTAL CHARGES FOR THIS MATTER			$3,743.60	
BILLING SUMMARY					
Ibarra, Katherine E. - Paralegal	0.30 hrs	125	/hr	$37.50	
Buchanan, Katie S.	13.80 hrs	255	/hr	$3,519.00	
	TOTAL FEES			$3,556.50	
TOTAL DISBURSEMENTS			$177.28	
INTEREST CHARGE ON PAST DUE BALANCE			$9.82	
TOTAL CHARGES FOR THIS BILL			$3,743.60	

Please include the bill number on your check.

Hopping Green & Sams

Attorneys and Counselors

119 s. Monroe S1reet, Ste. 300
P.0. Box 6526
Tallahassee, FL 32314
850.222.7500

=================================	STATEMENT=================================

August 31, 2017

Armstrong Community Development District c/o GMS, LLC

475 West Town Place, Suite 114 St. Augustine, FL 32092

Project Construction

ARMCDD	00103	KSB	
FOR PROFESSIONAL SERVICES RENDERED	
07/18/17	KSB	Confer with Hadden regarding bids; research same.	
07/19/17	KSB	Confer with Taylor regarding bids for Phase 1 sitework.	

Bill Number 95720 Billed through 07/31/2017

0.70 hrs

0.20 hrs

07/20/17	KSB	Confer with Taylor regarding bids.	0.50	hrs	
07/21/17	KSB	Review proposal issues and confer with Taylor.	1.20 hrs	
07/27/17	KEM	Prepare construction engineering inspection services agreement.	0.20	hrs	

Total fees for this matter	$688.00	

MATTER SUMMARY

Ibarra, Katherine E. - Paralegal	0.20	hrs	125	/hr	$25.00	
Buchanan, Katie S.	2.60	hrs	255	/hr	$663.00	
TOTAL FEES					$688.00	
TOTAL CHARGES FOR THIS MATTER					$688.00	
BILLING SUMMARY						
Ibarra, Katherine E. - Paralegal	0.20	hrs	125	/hr	$25.00	
Buchanan, Katie S.	2.60	hrs	255	/hr	$663.00	
TOTAL FEES					$688.00	
TOTAL CHARGES FOR THIS BILL					$688.00	

Please include the bill number on vour check.

Attendance Sheet

District:		Armstrong CDD								
Meeting Date:		September 5, 2017						
									
	Supervisor		In Attendance	Fees	t		
1.	Roger Arrowsmith			[2J	$0					
	Chairman									
2:.	Manlyn Ayers		0	$200					
										
	Vice Chairman			G						
3.	Michael Taylor	Need Paperwork			$__  ??				
				m					
	AssistantSecretary									
4.	Grady Mairs	Need. Pppetwor/<			$ ~ _  ??				
									
	Assistant Secretary									
5.	Nancy l{lock	~7		□	$200					
	Assistqnt Secretary									

District Manager:	.. t!J!b=·.   Date:

_PlEASE RETIJRIV'COMPLETED FORM TO PAffi POWERS

ATTENDANCE SHEET

District:					Armstrong		
Meeting Date;			See_ttJmbet 27, 2016		
					In A:tter.iqa,rice		
	;Supervlspr					
					D		
1.	Rogf!r Arn:iWsrntth					
		~		
2.	VACANT			
						
3.	Micti~el Carlo	~		
4.	Marilyn N1ers			
				uZJ		
5,	Nancy" K.lo!'.!k					

Fees_

No

$200

$''1,..QO

No

I

District Mana_ger:

PLEASE REtURN COMPLETED FORM TO BERNADEITE PEREGRINO

EIGHTH ORDER OF BUSINESS

Armstrong

Community Development District	Funding Request #9	
Tvnes Blvd. Construction Proiect	October 4, 2017	

	PAYEE		Construction	
1	Hopping, Green & Sams			
	Inv# 957218 - Tynes Blvd (Jul 17)	$	3,827.07	
	TOTAL	$	3,827.07	

Hopping Green & Sams

Attorneys and Counselors

119 S. Monroe Street, Ste, 300

P.O. Box 6526
Tallahassee, FL 32314
850.222.7500

----------=========-=====---=====  STATEMENT=================================

	August 31, 2017		
Armstrong Community Development District	Bill Number	95721	
c/o GMS, LLC	Billed through	07/31/2017	
475 West Town Place, Suite 114			
St. Augustine, FL  32092			

Tynes Boulevard

ARMCDD	00104	KSB

FOR PROFESSIONAL SERVICES RENDERED

07/10/17

07/12/17

07/13/17

07/13/17

07/17/17

07/19/17

07/20/17

07/20/17

07/21/17

07/22/17

07/24/17

07/25/17

07/27/17

07/28/17

07/31/17

07/31/17

KSB	Prepare correspondence to engineer regarding bid opening; prepare summary	2.30	hrs	
	evaluation form; confer with Vincent; confer with Ayers.			
KSB	Review bids for construction of Tynes Boulevard Extension; assist in preparation	2.00	hrs	
	of evaluation scoresheets.			
JEM	Confer with Carr regarding pending real estate issues; review correspondence	0.70	hrs	
	from Carr; reply to same.			
KSB	Prepare notice of intent to award; confer with Vincent regarding Phase 1B & 2	0.30	hrs	
	award.			
KSB	Confer with Vincent; confer with Mossing.	0.50	hrs	
KSB	Review CCUA funding letter; confer with Mossing; confer with Vincent.	1.10 hrs	
KSB	Review correspondence from Moss regarding letter of credit and costs.	0.40	hrs	
KEM	Research construction administration agreement.	0.10	hrs	
JEM	Review correspondence from Carr; reply to same; prepare quit claim deeds and	0.50	hrs	
	partial release of mortgage.			
JEM	Review correspondence from Carr; reply to same.	0.20	hrs	
KSB	Review proposed revisions to remedial instruments.	0.80	hrs	
KSB	Review proposed plat.	0.70	hrs	
KSB	Confer with Carr; review plat issues.	0.80	hrs	
KSB	Follow up on platting issues.	0.30	hrs	
KEM	Prepare construction engineering inspection services agreement.	0.50	hrs	
KSB	Confer with Donchez regarding CEI agreement; prepare evaluation worksheet;	3.00 hrs	
	prepare construction administration agreement; prepare CEI agreement.			

Tynes Boulevard	Bill No, 95721			Page  2	
==================================================-====-=------------------------------			
Total fees for this matter				$3,627.00	
DISBURSEMENTS					
Title Search				150.00	
United Parcel Service				30.26	
Total disbursements for this matter				$180.26	
MATTER SUMMARY					
Merritt, Jason E.	1.40 hrs	315	/hr	$441.00	
Ibarra, Katherine E. - Paralegal	0.60 hrs	125	/hr	$75.00	
Buchanan, Katie s.	12.20 hrs	255	/hr	$3,111.00	

TOTAL FEES				$3,627.00	
TOTAL DISBURSEMENTS				$180.26	
INTEREST CHARGE ON PAST DUE BALANCE				$19.81	
TOTAL CHARGES FOR THIS MATTER				$3,827.07	
BILUNG SUMMARY					
Merritt, Jason E.	1.40 hrs	315	/hr	$441.00	
Ibarra, Katherine E. - Paralegal	0.60 hrs	125	/hr	$75.00	
Buchanan, Katie S.	12.20 hrs	255	/hr	$3,111.00	
TOTAL FEES				$3,627.00	
TOTAL DISBURSEMENTS				$180.26	
INTEREST CHARGE ON PAST DUE BALANCE				$19.81	
TOTAL CHARGES FOR THIS BILL				$3,827.07	

Please include the bill number on vour check.