Wellness Ridge Community Development District
Agenda February 26, 2025

Agenda

Wellness Ridge
Community Development District

219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
February 19, 2025

Board of Supervisors Wellness Ridge Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of the Wellness Ridge Community Development District will be held Wednesday, February 26, 2025 at 10:30 a.m. at the Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, Florida. Following is the advance agenda for the regular meeting:

Roll Call
Public Comment Period
Approval of Minutes of the January 22, 2025 Meeting
Consideration of Resolution 2025-05 Authorizing Petition to be Filed to Expand the District Boundaries
Consideration of Proposal for Irrigation Rate Study
Staff Reports
Attorney
Discussion of Interlocal Agreement with City of Clermont
Engineer
Discussion of Pending Plat Conveyances
Status of Permit Transfers
Status of Construction Funds & Requisitions
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Other Business
Supervisor’s Requests
Adjournment

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

Sincerely,

George S. Flint
George S. Flint District Manager

Cc:	Jan Carpenter, District Counsel John Prowell, District Engineer

Enclosures

Minutes

MINUTES OF MEETING WELLNESS RIDGE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Wellness Ridge Community Development District was held Wednesday, January 22, 2025 at 11:14 a.m. at the Cooper Memorial Library, 2525 Oakley Seaver Drive, Clermont, Florida.

Present and constituting a quorum were:

Adam Morgan	Chairman
Rob Bonin	Vice Chairman by telephone
Brent Kewley	Assistant Secretary
Lane Register	Assistant Secretary by telephone
Christopher Forbes	Assistant Secretary Also present were:
George Flint	District Manager
Kristen Trucco	District Counsel
John Prowell	District Engineer by telephone
Alan Scheerer	Field Manager
Joe Fumasi	Resident

FIRST ORDER OF BUSINESS	Roll Call
Mr. Flint called the meeting to order at 11:14 a.m. and called the roll.

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

THIRD ORDER OF BUSINESS	Organizational Natters
Administration of Oaths of Office to Newly Elected Supervisors
Mr. Flint being a notary public of the State of Florida administered the oath of office to Mr. Forbes and Mr. Kewley.
Consideration of Resolution 2025-01 Canvassing and Certifying the Results of the Landowners’ Election

January 22, 2025	Wellness Ridge Community Development District

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor Resolution 2025-01 Canvassing and Certifying the Results of the Landowners’ Election was approved.

Consideration of Resolution 2025-02 Electing Officers

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor Resolution 2025-02 retaining the same slate of officers was approved.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the September 25,
2024 Meeting and Acceptance of the Minutes of the November 5, 2024 Landowners’ Meeting

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor the minutes of the September 25, 2024 meeting were approved as presented and the November 5, 2024 landowner meeting minutes were accepted.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-03
Finalizing the Special Assessments Securing the District’s Series 2025 Special Assessment Bonds
Ms. Trucco: The CDD issued the Series 2024 bonds at the end of calendar year 2024. This is a required resolution that the Board needs to consider in order to finalize the amount of special assessments on the parcels that specially benefit by the assessment area 2 project, which is financed by the Series 2024 bonds in the amount of $7,415,000.

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor Resolution 2025-03 Finalizing the Special Assessments Securing the District’s Series 2025 Special Assessment Bonds was approved.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-04
Approving the Conveyance of Real Property and Infrastructure Improvements
Ms. Trucco: This resolution will approve the conveyance of improvements and real property related to requisition no. 1 for that Series 2024 bonds. Attached to this resolution is a draft requisition prepared by the engineer and you can see the amount allocated from the bond for each category and how much they indicating should be requisitioned from the Series 2024 bonds.

January 22, 2025	Wellness Ridge Community Development District

We are finalizing some details of exactly how much from each of those categories will be requisitioned in the first requisition. Once we do, we will have our standard conveyance documents signed before we proceed with processing this requisition. This resolution is in anticipation of that.

On MOTION by Mr. Morgan seconded by Mr. Forbes with all in favor Resolution 2025-04 Approving the Conveyance of Real Property and Infrastructure Improvements was approved.

SEVENTH ORDER OF BUSINESS	Ratification of Proposal from Trace Air to
Provide Drone Flyovers, Data Processing and Cloud software Subscription Services

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor the proposal from Trace Air in the amount of $43,570.80 was approved.

EIGHTH ORDER OF BUSINESS	Ratification	of	Funding	Agreement	with
Lennar Homes for Boundary Amendment
Mr. Flint: Lennar Homes has asked the District to consider expanding the boundaries to include additional area within the CDD. This agreement just obligates Lennar to pay any costs associated with that boundary amendment process.

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor the Boundary Amendment Funding Agreement with Lennar Homes was ratified.

NINTH ORDER OF BUSINESS	Consideration of Proposal for Irrigation Rate
Study
This item was tabled to a future meeting.

TENTH ORDER OF BUSINESS	Lighting Proposals for Phase 4 & 5
Mr. Flint: We added lighting proposals for Phase 4 & 5 to the agenda. These are the streetlight lease agreements.

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor the Streetlight Lease Agreements for Phases 4 and 5 were approved.

ELEVENTH ORDER OF BUSINESS	Staff Reports
Attorney

January 22, 2025	Wellness Ridge Community Development District

There being no comments, the next item followed.

Engineer
Discussion of Pending Plat Conveyances
Mr. Prowell: We are working on the conveyance, and we will be working on the expansion of the CDD boundary.

Status of Permit Transfers
There being no comments, the next item followed.

Status of Construction Funds and Requisition
Mr. Flint: The conveyance documents and requisition are pending.

District Manager’s Report
Approval of Check Register
Mr. Flint presented the check register from November 14, 2024 through January 13, 2025 in the amount of $57,948.37.

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the financials was included in the agenda package. There was no Board action required.
Field Manager’s Report
Mr. Scheerer: All the lights are currently working in Phase 1A, 1B and Wellness Way. The irrigation that Lennar authorized to be installed between 386, and 387 lots has been completed. Mark needs to come back and pull the irrigation flags and rake it all out. The resident did contact George thanking him for the installation.
Frank Polly said they should be done with the dog park sod within the next week. Additional hardscape will need to be installed to close off the fencing at the dog park at the entrance.

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

January 22, 2025	Wellness Ridge Community Development District

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

FOURTEENTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Morgan seconded by Mr. Kewley with all in favor the meeting adjourned at 11:37 a.m.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV

RESOLUTION 2025-05
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING A PETITION BE FILED WITH THE CITY OF CLERMONT, FLORIDA, PURSUANT TO SECTION 190.046, FLORIDA STATUTES, TO EXPAND THE BOUNDARIES OF THE WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT; REQUESTING THAT THE CITY COUNCIL OF THE CITY OF CLERMONT, FLORIDA, ADOPT A NON-EMERGENCY ORDINANCE TO AMEND CITY ORDINANCES NO. 2022-018 AND PROVIDE FOR THE EXPANSION OF THE BOUNDARIES OF THE WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT; DIRECTING THE DISTRICT MANAGER AND DISTRICT COUNSEL TO TAKE APPROPRIATE ACTION TO PREPARE AND FILE THE PETITION IN A TIMELY MANNER AND TO COOPERATE WITH THE CITY OF CLERMONT TO EXPAND THE BOUNDARIES OF THE WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT; APPROVING THE EXECUTION OF A FUNDING AGREEMENT WITH THE OWNER OF THE PROPERTY SUBJECT TO THE EXPANSION PETITION TO PAY THE COST FOR THE EXPANSION; PROVIDING FOR SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Wellness Ridge Community Development District (the “District”) was established by City Ordinance No. 2022-018, adopted on May 10, 2022 (the “Establishment Ordinance”) of the City Council of the City of Clermont (the “City”); and

WHEREAS, the District is located wholly within the boundaries of the City; and
WHEREAS, the majority landowner in the District is Lennar Homes, LLC, a Florida limited liability company (the “Lennar”); and
WHEREAS, Lennar has requested that the boundaries of the District be expanded, to include the parcel of land they own as shown on the schematic diagram attached hereto as Exhibit “A”; (the “Expansion Parcel”); and

WHEREAS, Lennar has agreed to pay the costs incurred by the District in preparing a petition and obtaining an ordinance from the City to expand the boundaries of the District and the District has prepared a Funding Agreement in the draft form attached as Exhibit “B;” and

WHEREAS, the District's Board of Supervisors finds that it is in the best interest of the District that its boundaries be expanded; and

WHEREAS, the District desires to authorize and direct the District Manager and the District Counsel to prepare the necessary Petition to the City to comply with the provisions of Chapter 190, Florida Statutes for the effective Expansion of the boundaries of the District and to delegate authority to finalize and execute such Petition to the Chairman and Vice Chairman.
THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. INCORPORATION OF RECITALS. All of the representations, findings, and determinations contained within the above Recitals of this Resolution are recognized as true and accurate, and are expressly incorporated into this Resolution.

SECTION 2. AUTHORIZATION FOR PETITION. The District hereby authorizes a Petition be filed with the City pursuant to Section 190.046, Florida Statutes to expand the boundaries of the District to include the lands, as described in Exhibit “A” attached to this Resolution.

SECTION 3. REQUEST FOR ACTION. The District hereby requests, and such request shall be repeated in the Petition, that the City adopt a non-emergency ordinance in accord with Section 190.046, Florida Statutes, amending the Establishment Ordinance and providing for the Expansion of the boundaries of the District.

SECTION 4. DIRECTION TO DISTRICT STAFF. Subject to the condition that Lennar execute the Funding Agreement, in a form substantially similar to the draft form, the District Manager, District Counsel and District Engineer are hereby authorized and directed by the Board to: (i) to prepare and file the Petition in a timely manner, (ii) obtain the consent and other necessary documentation from Lennar, as the owner of the Expansion Parcel (iii) work with all necessary parties to transmit this Resolution to the City along with the Petition to expand the boundaries of the District and (iv) to take all appropriate actions and make all necessary filings to effectuate the Expansion of the boundaries of the District consistent with the terms of this Resolution and pursuant to law.
SECTION 5. BOARD MEMBER AUTHORIZATION. Upon District Staff’s review and approval of the Petition, the Funding Agreement and any documentation reasonably associated filing of the Petition as described herein, an Authorized Board Member, as hereinafter defined, is authorized to enter into and execute, on behalf of the District, such Petition and documentation. The terms and conditions of all documents to be executed in connection with any of the foregoing shall be determined by the District Staff, or an Authorized Board Member with the approval of District Staff, and the execution and delivery of any such document or instrument by an Authorized Board Member shall constitute conclusive evidence that the terms and conditions contained in said documents or instruments have been approved by the District. The Chairman and Vice-Chairman of the District shall be deemed “Authorized Board Members” for the purposes of this Resolution.
SECTION 6. SEVERABILITY. Should any court of competent jurisdiction find or hold any one or more provisions of this Resolution to be invalid or unenforceable, then such provision

or provisions, as the case may be, shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

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

PASSED AND ADOPTED this 26th day of February, 2025.

ATTEST:	BOARD OF SUPERVISORS OF THE WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT

Assistant Secretary	Chairman

EXHIBIT A
Schematic Description for Expansion Area

EXHIBIT B

[ATTACHED]

FUNDING AGREEMENT BETWEEN
WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT AND DEVELOPER

THIS FUNDING AGREEMENT (this "Agreement") is made and effective this    day of November, 2024, by and between WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT, a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, being situated in the City of Clermont, Lake County, Florida, (the “District”) and LENNAR HOMES, LLC, a Florida limited liability company, located at 6675 Westwood Boulevard, 5th Floor, Orlando, Florida 32821 (hereinafter the “Developer” and, together with the District, the “Parties”).

RECITALS

WHEREAS, the Wellness Ridge Community Development District (the “District”) is a local unit of special-purpose government established pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes (the “Act”); The District was created by the City of Clermont by the adoption of City Ordinance No. 2022-018 (Documentary No. 2022070534) adopted on May 10, 2022; and

WHEREAS, MILLROSE PROPERTIES FLORIDA, LLC, a Florida limited liability company, located at 5505 Waterford District Drive, Miami, Florida 33126 (“Millrose”), is the owner of certain undeveloped land adjacent to but currently outside the boundary of the District, known as [SWAP Property]; and

WHEREAS, Millrose is a wholly owned subsidiary of Developer and/or an affiliate of Developer; and

WHEREAS, Millrose and Developer desire to have the [SWAP Property] included within the boundary of the District (hereinafter “Expansion Property”); and

WHEREAS, the District requires that the Developer enter into a funding agreement to pay for all engineering, legal, administrative and other costs related to the expansion of the District boundary and the filing of a petition to expand with the City of Clermont (hereinafter “the Petition”); and
WHEREAS, Developer and the District desire to enter into this Agreement to provide the District such funding relating to the Expansion Property and the filing of the Petition; and

NOW THEREFORE, based upon good and valuable consideration and the mutual covenants of the Parties, the receipt of which and sufficiency of which are hereby acknowledged, the Parties agree as follows:

Incorporation of Recitals. The recitals stated above are true and correct and by this reference are incorporated herein as a material part of this Agreement.

Provision of Funds. Developer agrees to make available to the District such monies as are necessary to proceed with the filing of the Petition and all other related work related to the Expansion Property as follows:

Developer agrees to provide to the District any such monies upon receipt of an invoice from the District requesting such funds, as invoiced pursuant to an agreement or engagement letter approved by the District. Such funds, and all future funds provided pursuant to this Agreement, may be supplied by check, cash, wire transfer or other form of payment deemed satisfactory in the sole discretion of the District as determined by the District Manager. Developer authorizes the District to direct District staff, including the District Engineer, District Manager and other professional assistance as may be necessary, to proceed with the work contemplated by this Agreement.

Developer and the District agree that all fees, costs or other expenses incurred by the District for the services of the District Engineer, District Manager, District Counsel or other professionals for the work contemplated by this Agreement shall be paid solely from the funds provided by Developer pursuant to this Agreement. Such payments shall be made in accordance with the District’s normal invoice and payment procedures. The District agrees that any funds provided by Developer pursuant to this Agreement shall be used solely for fees, costs, and expenses arising from or related to the work contemplated by this Agreement.

Developer agrees to provide funds within fourteen (14) days of receipt of written notification from the District Manager of the need for such funds.

In the event the Developer fails to provide any such funds pursuant to this Agreement, Developer and the District agree the work may be halted until such time as sufficient funds are provided by Developer to ensure payment of the costs, fees or expenses which may be incurred in the performance of such work. The District may, in its discretion, place a lien on property (requiring payment as additional assessments) in the District owned by Developer, if such funds are not paid within ninety (90) days of the demand therefor.

Termination. Any of the Parties hereto may terminate this Agreement without cause by providing ten (10) days' written notice of termination. Any such termination by Developer is contingent upon Developer’s provision of sufficient funds to cover any and all fees, costs or expenses incurred by the District in connection with the work to be performed under this Agreement as of the date by when notice of termination is received.

Default. A default by any party under this Agreement shall entitle the other party to all remedies available at law or in equity, which may include, but not be limited to, the right of damages.

Enforcement of Agreement. In the event that any of the Parties is required to enforce this Agreement by court proceedings or otherwise, then the prevailing party shall be entitled to recover all fees and costs incurred, including reasonable attorney’s fees and costs for trial, alternative dispute resolution, or appellate proceedings.

Agreement. This instrument shall constitute the final and complete expression of this Agreement between the Parties relating to the subject matter of this Agreement.

Amendments. Amendments to and waivers of the provisions contained in this Agreement may be made only by an instrument in writing which is executed by all of the Parties hereto.

Authorization. The execution of this Agreement has been duly authorized by the appropriate body or official of all Parties hereto, each party has complied with all the requirements of law, and each party has full power and authority to comply with the terms and provisions of this instrument.

Notices. 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 overnight delivery service, to the parties, as follows:

If to the District:	Wellness Ridge Community Development District
c/o Governmental Management Services, LLC 219 E. Livingston Street
Orlando, Florida 32801 Attention: District Manager

With a copy to:	Latham, Luna, Eden & Beaudine, LLP
201 S. Orange Avenue, Suite 1400
Orlando, Florida 32801
Attention: Jan Albanese Carpenter, Esq.
If to Developer:	Lennar Homes, LLC
6675 Westwood Boulevard, 5th Floor, Orlando, Florida 32821
Attention: Mark McDonald
With a copy to:	Millrose Properties Florida, LLC
5505 Waterford District Drive, Miami, Florida 33126 Attention: [	]

Except as otherwise provided herein, any Notice shall be deemed received only upon actual delivery at the address set forth herein. Notices 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 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 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 addressees of any change in name or address to which Notices shall be sent by providing the same on five (5) days' written notice to the Parties and addressees set forth herein.

Third Party Beneficiaries. This Agreement is solely for the benefit of the formal Parties hereto and no right or cause of action shall accrue upon or by reason hereof, to or for the benefit of any third party not a formal party hereto. Nothing in this Agreement expressed or implied is intended or shall be construed to confer upon any person or entity other than the Parties hereto any right, remedy or claim under or by reason of this Agreement or any provisions or conditions hereof; and all 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, successors and assigns.

Assignment. None of the parties hereto may assign this Agreement or any monies to become due hereunder without the prior written approval of the other parties. Any purported assignment without such prior written approval shall be void.

Controlling Law; Venue. This Agreement and the provisions contained herein shall be construed, interpreted and controlled according to the laws of the State of Florida. Venue for any action arising hereunder shall be in a court of appropriate jurisdiction in Lake County, Florida.

Effective Date. The Agreement shall be effective after execution by all Parties hereto and shall remain in effect unless terminated by any of the Parties hereto.

Sovereign Immunity. Nothing contained herein shall cause or be construed as a waiver of the District’s sovereign immunity or limitations on liability granted pursuant to section 768.28, Florida Statutes, or other law, and nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim which could otherwise be barred under the Doctrine of Sovereign Immunity or by operation of law.
Public Records. The Developer understands and agrees that all documents of any kind provided to the District or to District Staff in connection with the work contemplated under this Agreement are public records and are treated as such in accordance with Florida law.

[COUNTERPART SIGNATURE PAGES TO FOLLOW]

COUNTERPART SIGNATURE PAGE FOR FUNDING AGREEMENT BETWEEN
WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT AND DEVELOPER

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first written above.

DISTRICT:

Attest:	WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT

Secretary/Asst. Secretary

By:	

Name:	 Chairman of the Board of Supervisors

COUNTERPART SIGNATURE PAGE FOR FUNDING AGREEMENT BETWEEN
WELLNESS RIDGE COMMUNITY DEVELOPMENT DISTRICT AND DEVELOPER

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and year first written above.

DEVELOPER:

WITNESSES:	LENNAR HOMES, LLC, a Florida limited liability company

By:	

Print:		Name:	

Title:	

Print:	

Section V

Exhibit A – Letter Proposal

February 21, 2025
Mr. George Flint, Wellness Ridge CDD District Manager Governmental Management Services - Central Florida, LLC 219 East Livingston Street
Orlando, Florida 32801

RE: Proposal – Irrigation Rate and Charge Study

Mr. Flint:
This letter represents Willdan Financial Services’ (“Willdan”) proposal to provide certain professional consulting services to the Wellness Ridge Community Development District (“District”). Specifically, the District has requested that Willdan provide support services related to the preparation of an Irrigation Rate and Charge Study (“Study”) relative to the District’s Irrigation Utility System (“Utility System”).
Project Understanding
Provided herein is a detailed description of the scope of work anticipated to meet the project objectives of the District for its irrigation user rates and charges. It is our understanding that the District is constructing an irrigation system that will provide irrigation water to properties within the District. Irrigation water is currently provided to the District by the City of Clermont. The proposed scope of work is intended to develop monthly user rates and capital recovery charges for the District’s new Utility System. Based on the Consultant’s understanding of the project requirements, the scope of work proposed for this project is detailed in the following discussions.
In preparing the Study, Willdan will accept and rely on the information from the District, its independent auditors, counsel and advisors, or others including, but not limited to, asset listings, reports, studies, analyses or other relevant documents prepared by or for the District. Such documents and information may be referenced in the Study. The following is a more detailed description of the tasks to be performed during this engagement.
Scope of Services

Phase 1:	Data Collection and Review

Task 1.1 – Data Collection. The District will be provided with an initial list of basic data needed to conduct the study. The data request includes may include:
Billing and usage data from the City of Clermont for current irrigation customers

Mr. George Flint
February 21, 2025
Proposal – Irrigation Rate and Charge Study
Any projected operating budgets and/or operating and maintenance expenses projections for the Utility System
Projected annual customer growth/build-out projections
Total capital costs associated with the construction of Utility System
Copy of the Consumptive Use Permit
Task 1.2 – Data Review. A kick-off meeting will be scheduled with key District representatives to receive available data collected by staff, discuss additional data requirements, and to ensure that the project objectives are clearly defined and understood by all parties. As it is received, data will be reviewed for completeness and to ensure a sufficient understanding of projected utility operations.

Phase 2:	Revenue Requirements, Rate Determinants, and Rate Analysis

Task 2.1 – Customer and Flow Projections. Irrigation System accounts and flows will be forecast for a ten-year planning period using information provided by the District usage and billing information form the City of Clermont. The flow projections will be based on the projected number of utility accounts and a usage per account analysis to differentiate the historical effects of account growth and increased (decreased) average usage by customer type.
Task 2.2 – Projected Revenue Requirements. Revenue requirements (i.e. system expenditures) will be developed for the Utility System based on information provided by the District including anticipated operating and maintenance expenditures. The revenue requirements will be projected on a fiscal year cash flow basis, taking into account expected operational changes, changes in staffing or operating expenditures for new facilities, system growth occurring from new development, anticipated extraordinary expenses, and allowances for inflation. The projections will include, but not be limited to, the following:
Operation and Maintenance Expenses,
Outlay for routine Annual Capital Additions and Replacements,
Transfers to Fund Major Capital Improvements (if any), and
Other Expenditures and Transfers.
Task 2.3 – Rate Structure Alternatives. An interactive dashboard model will be developed that will allow for the consideration of alternative rate structures while still meeting the financial needs required for the irrigation systems. The rate structure alternatives will be developed to recover the projected revenues needed to fund utility operations, establishing reasonable recovery of costs from existing and new utility customers, and complying with applicable regulations and policies. The analysis will develop projected cash flow patterns for each rate structure alternative identified.

Mr. George Flint
February 21, 2025
Proposal – Irrigation Rate and Charge Study
Task 2.4 – Projected Operating Results Based on Proposed Rates. The proposed user rates will be applied to the projected customers and flows in order to estimate the revenues to be generated from the proposed rates for the Test Year and the subsequent years of the projection period. In addition, the ten-year forecast will identify annual adjustments in Utility System revenues necessary to meet prudent management practices and/or sound capital financing considerations.
Task 2.5 – Typical Bill Comparison. Comparisons of typical utility bills under the existing City of Clermont rates and the proposed rates will be developed under various levels of usage. The selected customer usage levels will reflect the results of the billing analysis to better demonstrate rate impacts on typical customer accounts.
Task 2.6 – Neighboring Utility Comparison. A comparison will be prepared to assess the difference between the proposed rates of the District with those of other comparable utility systems in the same geographic region.

Phase 3:	Capital Recovery Charge

Task 3.1 – Develop Capital Recovery Charges. Willdan will review the District’s Utility System capital cost to develop a capital recovery charge related to the recovery of system capital costs. Alternatives will be prepared to recover as a one-time lump sum payment of the charge or amortized to be recovered monthly over a set number of months.

Phase 4:	Reports and Deliverables

Task 4.1 – Preliminary Draft Report. A draft report will be developed to address the Study findings and the proposed recommendations. Contents will also include assumptions relied upon for the projection of customers and usage characteristics, revenue requirements, revenues, operating results, and any proposed adjustments to the utility rates. Upon completion, an electronic PDF copy of the draft report will be provided to staff for review.
Task 4.2 – Final Report. Based on comments received from staff and other participants during the presentation of the Preliminary Draft Report, the Final Report will be revised to incorporate the agreed upon changes. Upon completion, an electronic PDF copy of the Final Rate Study Report will be provided to the District.
Task 4.3 – Rate Model Dashboard. The Study will include the development of a spreadsheet model in Microsoft Excel and will be developed in such a way as to project cash flows over the ten-year projection period by allowing “what-if” scenarios by varying rates, target reserve fund balances, and operating and maintenance expense assumptions. The model will have a user-friendly dashboard with interactive graphics that automatically produce a suite of reports and graphs as inputs or assumptions are changed. A copy of the final Dashboard Model spreadsheet may be provided to the District upon completion of the project.

Mr. George Flint
February 21, 2025

Phase 5:	Meetings & Presentations

Proposal – Irrigation Rate and Charge Study

Task 5.1 – Project Kick-Off Meeting. An initial kick-off meeting will be scheduled with District staff at the start of the project to discuss project requirements, finalize project scheduling/milestones and reporting requirements, and receive overall project direction. The meeting will help ensure that the project objectives are clearly defined and understood by all parties.
Task 5.2 – Project Progress Web Conferences. During the course of the project, and prior to meetings with the Board of Directors, team web conferences will be scheduled to present the progression of the analysis to staff in order to obtain input and feedback associated with any rates and charges that may be presented. These web-meetings will assist in the completion of rate design for the utility systems and guide the development of the draft report.
Task 5.3 – Draft Report Meeting. The results of the Preliminary Draft Report will be presented to District Staff and/or committee for comments.
Task 5.4 – Final Report Meeting/Public Hearing. The results of the Final Report will be presented to the District during a public hearing where the recommended irrigation rates and charges are to be considered. Willdan Project Manager, Tara Hollis, will be present to address any questions or concerns raised during the public hearing.
Items to be Furnished by the District
The District will assist Willdan by furnishing all available pertinent information including customer billing data, financial reports, agreements, ordinances, codes, and any other data relative to performance of the above services for the project. Willdan will rely on the validity and accuracy of the District’s data and documentation to complete the analysis. Willdan will rely on the data as being accurate without performing an independent verification of accuracy and will not be responsible for any errors that result from inaccurate data provided by the client or a third party.
Professional Fees
On the basis of the Scope of Services described herein, Willdan’s total labor billings and all out-of-pocket costs and expenses directly chargeable to the work performed and described in the Scope of Services section of this Supplement will be performed for a fixed fee of $15,000, as set forth in the following table.

Mr. George Flint
February 21, 2025
Proposal – Irrigation Rate and Charge Study

Irrigation Rate and Charge Study	
Phase	Description	Hours	Amount	
1	Data Collection and Review and Project Kick-off	10.0	$1,500	
2	Revenue Requirements and Rate Design	30.0	$5,625	
3	Capital Recovery Charges	14.0	$2,625	
4	Reports and Deliverables	18.0	$3,500	
5	Meetings and Presentations	8.0	$1,750	
Total Estimated Professional Hours and Fees	80.0	$15,000	

Based on actual incurred effort, each phase’s budgeted amount may increase. Willdan will not, however, exceed the estimated total labor and expense billing amount without first obtaining the District’s prior written authorization. The estimated professional fees are based on District’s data being provided in a form/format that facilitates the analyses preparation described in our scope. Should development of the data supplied by the District require effort over and above the intended scope, Willdan will immediately notify the District. Further, the District acknowledges that Willdan is relying upon the accuracy of the information provided by the District or their designees and that Willdan shall not be liable for any inaccuracies contained therein.
Should any additional services be requested by the District that are not specifically set forth in this Scope of Services, the Willdan shall bill the District on an hourly basis at Willdan’s current hourly rates, as shown in the following table:

Position	Hourly Rate	
Group Manager	$300	
Managing Principal	$275	
Principal Consultant	$250	
Senior Project Manager	$200	
Project Manager	$185	
Senior Project Analyst	$150	
Senior Analyst	$125	
Analyst II	$110	
Analyst I	$100	
Assistant	$50	

Mr. George Flint
February 21, 2025
Proposal – Irrigation Rate and Charge Study
General Disclosure
The District further represents, acknowledges, and agrees that:
The District uses, or may use, the services of one or more municipal advisors registered with the U.S. Securities and Exchange Commission (“SEC”) to advise it in connection with municipal financial products and the issuance of municipal securities;
The District is not looking to Willdan to provide, and District shall not otherwise request or require Willdan to provide, any advice or recommendations with respect to municipal financial products or the issuance of municipal securities (including any advice or recommendations with respect to the structure, timing, terms, and other similar matters concerning such financial products or issues);
The provisions of this proposal and the services to be provided hereunder as outlined in the scope of services are not intended (and shall not be construed) to constitute or include any municipal advisory services within the meaning of Section 15B of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations adopted thereunder;
For the avoidance of doubt and without limiting the foregoing, in connection with any revenue projections, cash-flow analyses, feasibility studies and/or other analyses Willdan may provide the District with respect to financial, economic or other matters relating to a prospective, new or existing issuance of municipal securities of the District, (A) any such projections, studies and analyses shall be based upon assumptions, opinions or views (including, without limitation, any assumptions related to revenue growth) established by the District, in conjunction with such of its municipal, financial, legal and other advisers as it deems appropriate; and (B) under no circumstances shall Willdan be asked to provide, nor shall it provide, any advice or recommendations or subjective assumptions, opinions or views with respect to the actual or proposed structure, terms, timing, pricing or other similar matters with respect to any municipal financial products or municipal securities issuances, including any revisions or amendments thereto; and
Notwithstanding all of the foregoing, the District recognizes that interpretive guidance regarding municipal advisory activities is currently quite limited and is likely to evolve and develop during the term of the potential engagement and, to that end, the District will work with Willdan throughout the term of the potential Agreement to ensure that the Agreement and the services to be provided by Willdan hereunder, is interpreted by the parties, and if necessary amended, in a manner intended to ensure that the District is not asking Willdan to provide, and Willdan is not in fact providing or required to provide, any municipal advisory services.

Mr. George Flint
February 21, 2025
Proposal – Irrigation Rate and Charge Study
Project Schedule
It is anticipated that the project will begin in March 2025. Initial rates are anticipated to be available for the May 2025 Board Meeting. The remainder of the completion schedule will be as mutually agreed between the District and Willdan.

Respectfully submitted,
WILLDAN FINANCIAL SERVICES

We appreciate the opportunity to submit our proposal. If you have any questions, please feel free to contact me at jmcgarvey@willdan.com or Ms. Tara Hollis at thollis@willdan.com. In the alternative, we can be reached by phone at 407.872.2467.

		
Jeff McGarvey
Vice President, Managing Principal	Tara Hollis, CPA, CVA, MBA
Principal Consultant	

Section VI

Section A

Section 1

This item will be provided under separate cover

Section B

Section 3

Construction Balances as of 1/11/25 Wellness Ridge
Series 2023	$	14,033.43

Section C

Section 1

Wellness Ridge Community Development District

Summary of Check Register

January 14, 2025 to February 17, 2025

Fund	Date	Check No.'s	Amount

General Fund	
1/16/25	
138-141	
$	
301,016.30	
	1/22/25	142-143	$	555.28	
	1/24/25	144	$	819.50	
2/13/25	145-148	 $	28,454.57 	
		$	330,845.65	
 Supervisor Fees - January 2025  Adam Morgan	
50082	
$	184.70	
Patrick Bonin	50083	$	184.70	
Christopher Forbes	50084	$	184.70	
Brent Kewley	50085	 $	184.70 	
		$	738.80	
	Total Amount	$	331,584.45	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/20/25	PAGE	1
*** CHECK DATES 01/14/2025 - 02/17/2025 ***	WELLNESS RIDGE GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/16/25 00008	1/02/25 18470	202501 320-53800-46200	*	10,470.00
MOWING SERVICES JAN25
FRANK POLLY SOD, INC	10,470.00 000138

1/16/25 00001	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	
	1/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
48	202501 310-51300-34000	*	3,541.67
MANAGEMENT FEES JAN25
48	202501 310-51300-35200	*	105.00
WEBSITE ADMIN JAN25
48	202501 310-51300-35100	*	157.50
INFORMATION TECH JAN25
48	202501 310-51300-31300	*	306.25
DISSEMINATION SVCS JAN25
48	202501 310-51300-51000	*	.03
OFFICE SUPPLIES JAN25
48	202501 310-51300-42000	*	.69
POSTAGE JAN25
49	202501 320-53800-34000	*	1,312.50
FIELD MANAGEMENT JAN25
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,423.64 000139
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00009	1/15/25 01152025 202501 300-20700-10000	*	826.05
FY24 ASSESS TXFER S2023
WELLNESS RIDGE CDD C/O US BANK	826.05 000140
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/25 00009	1/15/25 01152025 202501 300-20700-10000	*	284,296.61
FY25 ASSESS TXFER S2023
WELLNESS RIDGE CDD C/O US BANK	284,296.61 000141
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/22/25 00005	1/14/25 133779	202412 310-51300-31500	*	555.28
GENERAL COUNSEL DEC24
LATHAM LUNA EDEN & BEAUDINE LLP	555.28 000142
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/23/25 00018	1/23/25 01232025 202501 320-53800-43200	*	.01
2944 PROSPERITY WAY JAN25
1/23/25 01232025 202501 320-53800-43200	V	.01-
2944 PROSPERITY WAY JAN25
CITY OF CLERMONT	.00 000143
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/24/25 00005 12/09/24 132904	202411 310-51300-49100	*	819.50
BOUNDARY AMENDMENT NOV24
LATHAM LUNA EDEN & BEAUDINE LLP	819.50 000144
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00010	1/31/25 F0000000 202502 320-53800-43100	*	5,414.00 PH1B STREETLIGHTS FEB25
1/31/25 F0000000 202502 320-53800-43100	*	6,505.00 PH1A STREETLIGHTS FEB25
DUKE ENERGY	11,919.00 000145
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
WELL WELLNESS RIDGE KCOSTA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/20/25	PAGE	2
*** CHECK DATES 01/14/2025 - 02/17/2025 ***	WELLNESS RIDGE GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
2/13/25 00008	1/31/25 18509	202502 320-53800-46200	*	10,470.00
MOWING SERVICES FEB25
FRANK POLLY SOD, INC	10,470.00 000146

2/13/25 00001	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	
	2/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
50	202502 310-51300-34000	*	3,541.67
MANAGEMENT FEES FEB25
50	202502 310-51300-35200	*	105.00
WEBSITE ADMIN FEB25
50	202502 310-51300-35100	*	157.50
INFORMATION TECH FEB25
50	202502 310-51300-31300	*	597.92
DISSEMINATION SVCS FEB25
50	202502 310-51300-51000	*	.27
OFFICE SUPPLIES FEB25
50	202502 310-51300-42000	*	40.29
POSTAGE FEB25
50	202502 310-51300-42500	*	17.70
COPIES FEB25
2/01/25 51	202502 320-53800-34000	*	1,312.50
FIELD MANAGEMENT FEB25
GOVERNMENTAL MANAGEMENT SERVICES-CF	5,772.85 000147
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/13/25 00012 10/31/24 00067455 202410 310-51300-48000	*	292.72
NOT OF LANDOWNERS MEETING
GANNETT MEDIA CORP DBA GANNETT	292.72 000148
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	330,845.65
TOTAL FOR REGISTER	330,845.65

WELL WELLNESS RIDGE KCOSTA

Section 2

Wellness Ridge
Community Development District

Unaudited Financial Reporting
January 31, 2025

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2023	

5	
	Capital Projects Fund Series 2023	

6-7	
	Month to Month	

8	
	Long Term Debt Report	

9	
	Assessment Receipt Schedule	

Wellness Ridge
Community Development District Combined Balance Sheet
January 31, 2025

General
Fund

Debt Service
Fund

Capital Projects	Total
Fund	Governmental Funds

Assets:
Cash:
Operating Account	

$	885,440	

$	

-	

$	

-	

$	885,440	
Investments:							
Series 2023
Reserve	
$	
-	$	261,231	$	-	
$	261,231	
Revenue	$	-	$	305,690	$	-	$	305,690	
Construction/Acquistion	$	-	$	-	$	15,010	$	15,010	
Due from Developer	$		59	$	-	$	-	$	59	
Due fron General Fund	$	-		$	203,143	$	-	$	203,143	
Total Assets	$	885,499	$	770,065	$	15,010	$	1,670,574	
Liabilities:
Accounts Payable	

$	352	$	-	$	-	

$	352	
Due to Debt Service	$	203,143	$	-	$	-	$	203,143	
Total Liabilites	$	203,495	$	-	$	-	$	203,495	

Fund Balance:
Restricted:
Debt Service Series 2023	

$	-	$	770,065	$	-	

$	770,065	
Capital Projects Series 2023	$	-	$	-	$	15,010	$	15,010	
Unassigned	$	682,004	$	-	$	-	$	682,004	
Total Fund Balances	$	682,004	$	770,065	$	15,010	$	1,467,079	
					
Total Liabilities & Fund Balance	$	885,499	$	770,065	$	15,010	$	1,670,574	

Wellness Ridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Amended	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Revenues:		
Assessments - On Roll	$	466,333	$	431,031	$	431,031	$	-	
Assessments - Direct Bill	$	355,761	$	177,880	$	177,880	$	-	
Boundary Amendment Contributions	$	-	$	-	$	938	$	938	
Developer Contributions	$	489,707	$	-	$	-	$	-	
Total Revenues:	$	1,311,801	$	608,912	$	609,849	$	938	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	4,000	$	1,000	$	3,000	
FICA Expenditures	$	918	$	306	$	77	$	230	
Engineering	$	15,000	$	5,000	$	-	$	5,000	
Attorney	$	25,000	$	8,333	$	1,619	$	6,714	
Annual Audit	$	4,800	$	-	$	-	$	-	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	3,675	$	1,225	$	1,225	$	-	
Trustee Fees	$	4,050	$	2,477	$	2,477	$	-	
Management Fees	$	42,500	$	14,167	$	14,167	$	-	
Information Technology	$	1,890	$	630	$	630	$	-	
Website Maintenance	$	1,260	$	420	$	420	$	-	
Telephone	$	300	$	100	$	-	$	100	
Postage & Delivery	$	1,000	$	333	$	30	$	303	
Insurance	$	5,720	$	5,720	$	7,995	$	(2,275)	
Printing & Binding	$	1,000	$	333	$	6	$	327	
Legal Advertising	$	10,000	$	3,333	$	293	$	3,041	
Other Current Charges	$	4,250	$	1,417	$	197	$	1,220	
Boundary Amendment Expenses	$	-	$	-	$	938	$	(938)	
Office Supplies	$	625	$	208	$	0	$	208	
Travel Per Diem	$	660	$	220	$	-	$	220	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Administrative:	$	140,523	$	53,648	$	36,498	$	17,150	

Operations & Maintenance					
Contract Services
Field Management	

$	15,750	

$	5,250	

$	5,250	

$	-	
Landscape Maintenance	$	584,040	$	194,680	$	44,650	$	150,030	
Lake Maintenance	$	2,460	$	820	$	-	$	820	
Well Maintanence	$	144,000	$	48,000	$	-	$	48,000	
Contract Services Subtotal:	$	746,250	$	248,750	$	49,900	$	198,850	

Wellness Ridge
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Amended	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Repairs & Maintenance
Landscape Replacement	
$	2,500	
$	833	
$	-	
$	833	
Irrigation Repairs	$	2,000	$	667	$	-	$	667	
General Repairs & Maintenance	$	2,500	$	833	$	-	$	833	
Alleyway & Sidewalk Maintenance	$	3,000	$	1,000	$	-	$	1,000	
Signage	$	1,500	$	500	$	-	$	500	
Walls - Repair/Cleaning	$	1,500	$	500	$	-	$	500	
Fencing	$	1,500	$	500	$	-	$	500	
Dog Station/Trash Removal	$	5,000	$	1,667	$	-	$	1,667	
Repairs & Maintenance Subtotal:	$	19,500	$	6,500	$	-	$	6,500	

Utilities
Electric	

$	14,000	

$	4,667	

$	4,377	

$	290	
Water & Sewer	$	20,000	$	6,667	$	80	$	6,587	
Streetlights	$	366,528	$	122,176	$	49,897	$	72,279	
Utilities Subtotal:	$	400,528	$	133,509	$	54,354	$	79,156	

Other
Contingency	

$	5,000	

$	1,667	

$	-	

$	1,667	
Other Subtotal:	$	5,000	$	1,667	$	-	$	1,667	
					
Total Operations & Maintenance:	$	1,171,278	$	390,426	$	104,254	$	286,172	
					
Total Expenditures:	$	1,311,801	$	444,074	$	140,752	$	303,322	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	469,097		
					
Fund Balance - Beginning	$	-		$	212,906		
					
Fund Balance - Ending	$	-		$	682,004		

Wellness Ridge
Community Development District Debt Service Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Revenues:

Assessments - On Roll Interest

$	527,362	$
$	15,151	$

487,440	$
15,151	$

487,440	$
6,734	$

- (8,417)

Total Revenues	$	542,513	$	502,591	$	494,174	$	(8,417)

Expenditures:

Interest - 12/15 Principal - 06/15 Interest - 06/15

$	199,603	$
$	125,000	$
$	199,603	$

199,603	$
$
$

199,603	$
$
$

(0)
-
-

Excess (Deficiency) of Revenues over Expenditures	$	18,306	$	294,570

Total Expenditures	$	524,206	$	199,603	$	199,603	$	(0)

Other Financing Sources/(Uses)

Transfer In/(Out)	$	-	$	-	$	(3,864)	$	(3,864)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(3,864)	$	(3,864)	
					
Net Change in Fund Balance	$	18,306		$	290,707		
					
Fund Balance - Beginning	$	217,599		$	479,358		
					
Fund Balance - Ending	$	235,906		$	770,065		

Wellness Ridge
Community Development District Capital Projects Fund Series 2023
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2025

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/25	Thru 01/31/25	Variance	

Revenues:

Interest	

$	

-	$	

-	$	183	

$	183	
Total Revenues	$	-	$	-	$	183	$	183	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	183		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	3,864	

$	3,864	
Total Other Financing Sources/(Uses)	$	-	$	-	$	3,864	$	3,864	
					
Net Change in Fund Balance	$	-	$	4,047		
					
Fund Balance - Beginning	$	-	$	10,963		
					
Fund Balance - Ending	$	-	$	15,010		

Wellness Ridge
Community Development District Month to Month

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

Revenues:		
Assessments - On Roll	$	-	$	25,103	$	399,883	$	6,045	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  431,031	
Assessments - Direct Bill	$	177,880	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  177,880	
Boundary Amendment Contributions	$	-	$	59	$	820	$	59	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	938	
Developer Contributions	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Total Revenues:	$	177,880	$	25,162	$	400,702	$	6,104	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  609,849	

Expenditures:						
General & Administrative:						
Supervisor Fees	$	-	$	-	$	-	$	1,000	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,000	
FICA Expenditures	$	-	$	-	$	-	$	77	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	77	
Engineering	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Attorney	$	418	$	646	$	555	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,619	
Annual Audit	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,250	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,250	
Arbitrage	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	306	$	306	$	306	$	306	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	1,225	
Trustee Fees	$	2,477	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	2,477	
Management Fees	$	3,542	$	3,542	$	3,542	$	3,542	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	14,167	
Information Technology	$	158	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	630	
Website Maintenance	$	105	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	420	
Telephone	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Postage & Delivery	$	4	$	25	$	-	$	1	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	30	
Insurance	$	7,995	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	7,995	
Printing & Binding	$	-	$	6	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	6	
Legal Advertising	$	293	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	293	
Other Current Charges	$	41	$	41	$	41	$	75	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	197	
Boundary Amendment Expenses	$	59	$	820	$	59	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	938	
Office Supplies	$	0	$	0	$	-	$	0	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	0	
Travel Per Diem	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	175	
Total Administrative:	$	20,822	$	5,648	$	4,765	$	5,263	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	36,498	

Operations & Maintenance						
Contract Services
Field Management	

$	1,313	

$	1,313	

$	1,313	

$	1,313	

$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	5,250	
Landscape Maintenance	$	12,865	$	10,845	$	10,470	$	10,470	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	44,650	
Lake Maintenance	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Well Maintenance	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Contract Services Subtotal:	$	14,178	$	12,158	$	11,783	$	11,783	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	49,900	

Wellness Ridge
Community Development District Month to Month

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

Repairs & Maintenance																			
Landscape Replacement	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Irrigation Repairs	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
General Repairs & Maintenance	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Alleyway & Sidewalk Maintenance	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Signage	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Walls - Repair/Cleaning	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Fencing	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Dog Station/Trash Removal	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	
Repairs & Maintenance Subtotal:	$	-  $		-  $	-  $		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-	

Utilities																			

Electric	$	895	$	1,003	$	1,113	$	1,366	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	4,377	
Water & Sewer	$	9	$	9	$	10	$	52	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	80	
Streetlights	$	12,491	$	12,311	$	12,486	$	12,609	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	49,897	
Utilities Subtotal:	$	13,395	$	13,322	$	13,609	$	14,027	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	54,354	

Other
Contingency	

$	

-	

$	

-	

$	

-	

$	

-	

$	

-	

$	

-  $	

-	

$	

-	

$	

-	

$	

-	

$	

-  $	

-	

$	

-	
Other Subtotal:	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	-	
																									
Total Operations & Maintenance:	$	27,572	$	25,480	$	25,392	$	25,810	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	104,254	
																									
Total Expenditures:	$	48,394	$	31,128	$	30,157	$	31,072	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	140,752	
																									
Excess Revenues (Expenditures)	$	129,486	$	(5,966)	$	370,545	$	(24,968)	$	-	$	-  $	-	$	-	$	-	$	-	$	-  $	-	$	469,097	

Wellness Ridge
Community Development District Long Term Debt Report

SERIES 2023, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATES:	4.250%, 5.125%, 5.375%		
MATURITY DATE:	6/15/2053		
OPTIONAL REDEMPTION DATE: RESERVE FUND DEFINITION
RESERVE FUND REQUIREMENT	6/15/2033
50% MAXIMUM ANNUAL DEBT SERVICE
$261,231		
RESERVE FUND BALANCE	$261,231		
BONDS OUTSTANDING - 04/20/23		$7,855,000	
(LESS: PRINCIPAL PAYMENT - 06/15/24)		($120,000)	
CURRENT BONDS OUTSTANDING		$7,735,000	

Wellness Ridge
Community Development District Special Assessment Receipt Schedule Fiscal Year 2025

Gross Assessments $

496,099.32  $

561,023.68

$  1,057,123.00

Net Assessments	$	466,333.36	$	527,362.26	$	993,695.62	
	46.93%	53.07%	100.00%	

ON ROLL ASSESSMENTS

Date	
Distribution	
Distribution Period	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	Series 2023 Debt Service	
Total	

11/14/24	
ACH	
10/01-10/31/24	
$3,179.05	
($61.04)	
($127.16)	
$0.00	
$2,990.85	
$1,403.58	
$1,587.27	
$2,990.85	
11/14/24	ACH	10/01-10/31/24	$2,811.15	($53.97)	($112.45)	$0.00	$2,644.73	$1,241.15	$1,403.58	$2,644.73	
11/21/24	ACH	11/01-11/10/24	$14,957.15	($287.18)	($598.29)	$0.00	$14,071.68	$6,603.73	$7,467.95	$14,071.68	
11/21/24	ACH	11/01-11/10/24	$13,226.25	($253.95)	($529.09)	$0.00	$12,443.21	$5,839.50	$6,603.71	$12,443.21	
11/25/24	ACH	11/11-11/17/24	$12,038.70	($231.14)	($481.57)	$0.00	$11,325.99	$5,315.20	$6,010.79	$11,325.99	
11/25/24	ACH	11/11-11/17/24	$10,645.50	($204.39)	($425.86)	$0.00	$10,015.25	$4,700.08	$5,315.17	$10,015.25	
12/11/24	ACH	11/18-11/30/24	$409,806.17	($7,868.55)	($16,393.25)	$0.00	$385,544.37	$180,932.87	$204,611.50	$385,544.37	
12/11/24	ACH	11/18-11/30/24	$463,437.33	($18,537.83)	($8,897.99)	$0.00	$436,001.51	$204,612.00	$231,389.51	$436,001.51	
12/27/24	ACH	12/1-12/14/24	$15,207.87	($577.92)	($292.61)	$0.00	$14,337.34	$6,728.40	$7,608.94	$14,337.34	
12/27/24	ACH	12/1-12/14/24	$17,198.13	($653.55)	($330.89)	$0.00	$16,213.69	$7,608.95	$8,604.74	$16,213.69	
01/23/25	ACH	12/15-12/31/24	$6,359.65	($190.78)	($123.37)	$0.00	$6,045.50	$2,837.10	$3,208.40	$6,045.50	
01/23/25	ACH	12/15-12/31/24	$7,191.95	($215.78)	($139.52)	$0.00	$6,836.65	$3,208.38	$3,628.27	$6,836.65	
		TOTAL	$	976,058.90	$	(29,136.08)	$	(28,452.05)	$	-	$	918,470.77	$  431,030.94	$	487,439.83	$	918,470.77	

92%
$	75,224.85

Net Percent Collected Balance Remaining to Collect

DIRECT BILL ASSESSMENTS

Lennar Homes LLC 2024-01			
Net Assessments	
$355,760.86	
$355,760.86	
Date
Received	Due
Date	Check
Number	
Net Assessed	Amount
Received	Operations &
Maintenance	
10/30/24	11/1/24	2329777	$177,880.43	$177,880.93	$177,880.93	
	2/1/25		$88,940.22			
	5/1/25		$88,940.22			
			$355,760.87	$177,880.93	$177,880.93